583-585 King Street Welland Ontario L3B3L3

583-585 King Street Welland Ontario L3B3L3
$ 1,199,900.00
  • Property ID: 161198
  • MLS #: X5880755
  • Type:
  • Bedrooms: 10
  • Bathrooms: 7
  • Date added: 04/30/23

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Description

Being Offered With A $100,000 Vtb At 6.99%. This Impressive Cashflow Investment Opportunity Is Offered At A 5.7% Cap Rate. Located In Downtown Welland, This Legal Multiplex With 7 Apartments Contains 3 Two-Bedroom And 4 One-Bedroom Units With The Majority Of The Units Renovated. Offering 6 Parking Spots And Much More. This Turn-Key Multiplex Won’t Last Long. Extensive Renovations Include Roof Replacement In 2019, Most Windows And Entrance Doors Replaced, Upgraded Electricals And Fire Alarms, Major Plumbing Upgrades, Main Water Line, New Meter Upgrade, 3 New Furnaces, 2 New A/C Units, Legal Conversion Of 2 Commercial Units To Residential Units Along With Additional Renovations To The Majority Of Units. This Property Is Being Sold With 583 King St.**** EXTRAS **** $400,000 Spent On Renovations And Upgrades Full Interior Renovations Of 4 Apartments Flat Roof Replacement 2019 Most Windows & Doors 2020-21 Basement Fire Code Upgrade 2020-22 3 New Furnaces & Ductwork 2020-21 2 New A/C New Main Water Line (id:48944)

Location Details

  • City: Welland
  • Province: Ontario

Property Details

  • Levels: 2
  • Stories: 2

Property Features

  • Heating: Forced air
  • HeatingFuel: Natural gas
  • CoolingYN: True
  • Cooling: Central air conditioning
  • ParkingTotal: 6
  • OpenParkingYN: False
  • GarageYN: False
  • AttachedGarageYN: False
  • CarportYN: False
  • PoolYN: False
  • ViewYN: False
  • WaterfrontYN: False

Courtesy of

  • OfficeName: TESA REAL ESTATE INC.
  • ListAOR: Toronto Regional Real Estate Board

This style property is located in is currently and has been listed on GTA MLS Real Estate Listings. This property is listed at $ 1,199,900.00. It has 10 beds bedrooms, 7 baths bathrooms, and is . The property was built in year.

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