147 Division St - Multi-Family FOR SALE


Welland, ON L3B 4A1- Downtown Welland
$850,000 CAD
416-673-4030
147 Division St, Welland, ON for Sale
$850,000 CAD
Multi-Family - FOR SALE
1/2
null | Request Cap Rate

147 Division St
Welland, ON L3B 4A1
Downtown Welland


HIGHLIGHTS

  • Vacant mixed-use property offered through a court-appointed receivership sale.
  • Downtown Mixed-Use Centre zoning permits a wide range of commercial and residential uses.
  • Street-front retail configuration with residential accommodation potential above.
  • Located in downtown Welland with access to Highway 406 and the QEW corridor.

OVERVIEW

52-66 Hellems Avenue and 147 Division Street presents an opportunity to acquire a vacant mixed-use asset in Downtown Welland with significant repositioning and redevelopment potential. The property consists of approximately 15,000 square feet across a two-storey building formerly configured with street-front retail and residential units above. Offered through a court-appointed receivership process, the asset provides investors, developers, and owner-users with the ability to complete renovations and reconfigure the property for a variety of commercial and residential applications permitted under the existing Downtown Mixed-Use Centre (DMC) zoning.

FOR SALE DETAILS

PRICE

$850,000 CAD

PRICE/SF

$71 CAD /SF

# OF UNITS

8

PRICE/UNIT

$106,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

56 Hellems Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

DMC

APN/PARCEL ID

271904000800600

ASK ABOUT THIS PROPERTY

Kelly AvisonAvison YoungMore Info
416-673-4030

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Kelly AvisonAvison YoungMore Info
416-673-4030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.