52 Lincoln Street Welland, Ontario L3C 5J1
$1,749,000
If you are searching for a multi- residential units building, the time is here. Wonderfully updated and upgraded building comfortably accommodates 8 ONE BEDROOM UNITS. In 2019 the building was stripped to the studs and new plumbing, and electrical were upgraded in compliance with the health and safety standards. Each unit comes with all new; kitchen, living room, bedroom and 3 pc bathroom. The two laundry units are in the basement, one on each side of the building. Each unit has their own hydro meter. Fully landscaped and well maintained. All units are occupied and have very low vacancy rate. Estimated revenue for 2024 is $110,232. Located at the closest intersection of Prince Charles Drive and Lincoln Street provides easy access to public transportation, shopping malls, Welland canal. Large residential and commercial developments are in the vicinity. Either you chose to live in one unit and rent the rest; or have it all rented out the opportunities are great. This is the property that generates income from a day one! (id:59646)
Property Details
| MLS® Number | 40669651 |
| Property Type | Multi-family |
| Community Features | High Traffic Area |
| Parking Space Total | 8 |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Stories Total | 2 |
| Size Interior | 4200 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 118 Ft |
| Size Frontage | 63 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ins1, Rm |
https://www.realtor.ca/real-estate/27585958/52-lincoln-street-welland
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October 27 2024 12:46:04
REALTORS® Association of Hamilton-Burlington
One Percent Realty Ltd.
