$4,000,000

276 King Street

Welland ON, L3B 3J8

Description

Price Include 2 Legal Title: 268 and 276 King St and the postal address 268+270+272+274+276+278 King St + Detached Warehouse Facing Albert St. ** Up to 75% Vendor Take Back Financing Available ** Combined Frontage 88 Feet. 4 Bldgs + 1 Detached Warehouse (Potential to convert back into a Winery OR Start a New Marijuana / Cannabis Cultivation Facility OR Build a 10 Residential Units for Additional Income). Current Use is Laundromat/Take Out Restaurant/Retail/Mix Use Of Residential/Commercial Bldg In Downtown Welland. About 7 Minutes Drive to Niagara College Welland Campus. Total lot size 88 Feet X 110.22 Feet. Current Zoning is DMC per MPAC. Land Site Area 9,699.36 Sq Ft. Per MPAC: Buildings were Built in different stages; 1920, 1930 and 1940. Total Floor Area 16,344 Sq Ft, Total Int. Office Area 4,295 Sq Ft. Main Flr Ceiling Height Varies from 12 Ft to 15 Ft, 2nd Flr Ceiling Height Varies from 8 Ft to 9.5 Ft, Unfinished Bsmt Ceiling Height Varies from 6.5 Ft to 6.6 Ft. 268 King St and 272 King St are 2 bachelors (or can be used as offices), 274 King st has two 3-bdrms apartments upstairs, 278 King st has 2 commercial Store Main Flr (currently a laundromat and a Take-Out Restaurant), 2nd Flr contains 10 rooms office space before, can be converted into two 3-bdrms. 5 Kitchens + 11 Washrooms + 10 Parking. Current 16 Rooms Units. Potential Total Gross Income About $20,000/Month or $240,000/Year and More. Rental: Furnace,Central Air Conditioner,Hot Water Heater NO Property Survey. Property being Sold in AS IS-WHERE IS, No Warranties/representation from Seller/Agents. Welland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College Welland Campus with close to 10,000 Student Populations, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St. Catharines And Port Colborne

Details

MLS#40100181
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site29

Features

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Area Information
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 3J8
AreaWelland
Listing VS Median (in L3B 3J8)
Price:
$4,000,000
low | high
Med:
$4,000,000
50% of Average
On Site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You
Listing Updated: May 17, 2021 8:00:54 PM PDT
Albert Lai LogoMLS Number: 40100181
Listing Provided By:
Albert Lai  of  RE MAX REALTY SPECIALISTS INC.(ST)
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