951 East Main Street Welland, Ontario L3B 3Z2
$4,500,000
Located just off the 406 and minutes from Niagara College, this well-positioned 18-unit multifamily asset offers a strategic blend of stability andupside potential in one of Niagaras most desirable rental corridors. The building has seen extensive recent improvements including freshlypainted main hallways, new flooring and baseboards (2022), and renovated kitchens, bathrooms, and interiors in the majority of units. A select number of suites remain primed for value-add upgrades and rent optimization. Key operational advantages include separately metered hydro, Coinamatic laundry, tenant storage units, a modern security system, and ample on-site parking all enhancing tenant satisfaction and reducing owner overhead. ?? Investment Highlights: 18 updated residential units Majority of renovations completed Prime rental location near 406 &Niagara College Coin-operated laundry & tenant storage Separate hydro meters & security system Value-add potential with strong rent growth upside This is an excellent opportunity for investors seeking turn-key performance with long-term value growth in a thriving rental market. (id:61852)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12196052 |
| Property Type | Multi-family |
| Community Name | 773 - Lincoln/Crowland |
| AmenitiesNearBy | Highway, Public Transit |
| ParkingSpaceTotal | 20 |
Building
| BedroomsTotal | 35 |
| Age | 51 To 99 Years |
| HeatingType | Other |
| SizeExterior | 15000 Sqft |
| SizeInterior | 15000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 201 Ft |
| SizeFrontage | 108 Ft |
| SizeIrregular | Bldg=108 X 201 Ft |
| SizeTotalText | Bldg=108 X 201 Ft |
| ZoningDescription | Rm |
Interested?
Contact us for more information
Juan Jose Gutierrez Pineda
Salesperson
2100 Bloor St W #7b
Toronto, Ontario M6S 1M7
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June 04 2025 08:17:12
Toronto Real Estate Board
Keller Williams Co-Elevation Realty
