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253 Fitch ST Welland, ON L3C 4W3
8,460 SqFt
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,460 sqft
Price per Sqft $224
Subdivision 769 - Prince Charles
MLS Listing ID X12284349
Building Age 51-99
Annual Tax Amount $24,894
Tax Year 2024
Property Sub-Type Investment
Property Description
Incredible investment opportunity! This spacious is as exceptionally well-maintained 12-unit apartment building features a sought-after mix of 6 large two-bedroom units, 5 one-bedroom units, and 1 bachelor. With 12 dedicated parking spots, shared laundry, and beautifully cared-for interiors and exteriors, this property stands out in today's market as of the strongest performing low rise building in the Niagara region. Currently generating approximately $200,940 in annual rental income, with significant room to increase revenue over time. Located in a thriving Welland neighbourhood close to transit, schools, shopping, and amenities. A rare chance to secure a high-performing multi-residential asset.
Location
Province ON
County Niagara
Community 769 - Prince Charles
Area Niagara
Zoning RM
Interior
Cooling No
Inclusions 1 Dryer, 12 Electric Stoves, 12 Refrigerators, 1 Washer
Exterior
Utilities Available Yes
Lot Frontage 116.33
Lot Depth 135.06
Listed by MICHAEL ST.JEAN REALTY INC., BROKERAGE