583-585 King St Home For Sale Welland, Ontario L3B 3L3
X5821836
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$1,249,900
Impressive Cashflow Investment Opportunity Offered At 5.5% Cap Rate. Located In Downtown Welland, This Legal Multiplex With 7 Apartments Contains 4 Two-Bedroom And 3 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, And 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:35167)
Property Details
| MLS® Number | X5821836 |
| Property Type | Multi-family |
| Features | Lane |
| Parking Space Total | 6 |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 10 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
Land
| Acreage | No |
| Size Irregular | 38.72 X 132.34 Ft ; Regular |
| Size Total Text | 38.72 X 132.34 Ft ; Regular |
Utilities
| Natural Gas | Installed |
| Electricity | Installed |
https://www.realtor.ca/real-estate/25052242/583-585-king-st-welland
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November 09 2022 08:33:32
Toronto Real Estate Board
Tesa Real Estate Inc.
