94 Empire Street Welland, Ontario L3B 2L4
$949,000
PRIME INVESTMENT OPPORTUNITY: COMMERCIAL + RESIDENTIAL. Are you looking for a property that offers a perfect blend of potential rental income and business space? Look no further! This meticulously maintained mixed-use property is now available for sale, featuring one commercial unit and three residential units. The commercial unit was leased for $1500/month previously which is currently now vacant. 2 bed apartment on the main level is currently leased for 1600/month and the 2 bed apartment on the upper level is currently leased for $1300/month to AAA tenants. 3 bed apartment on upper level is currently listed for $1800/month making the total rental potential for this property more than $6000/month. This property presents an excellent investment opportunity with multiple income streams. The commercial unit can provide steady rental income, while the residential units offer long-term tenants. The growing demand for mixed-use properties in this area makes it an attractive option for investors and entrepreneurs. Don't miss out on this amazing oppurtunity!! Book your showing today!! (id:44788)
Property Details
| MLS® Number | 40540416 |
| Property Type | Retail |
Building
| Basement Type | Full |
| Stories Total | 2 |
| Size Exterior | 3300.0000 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 114 Ft |
| Size Frontage | 33 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rl2 |
https://www.realtor.ca/real-estate/26512633/94-empire-street-welland
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Niagara Association of REALTORS®
Revel Realty Inc., Brokerage
February 14 2024 04:22:17
