38-40 First St

Welland | 773 - Lincoln/Crowland | L3B 4R9
  • 7 + 2
  • 5
  • 0

$879,900

Est. Mtg $2,983 /mo
  • Days on market

    170

  • Status

    New

Listing Broker COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Since listed: 0 views

Home details

MLS #:

X11993763

Property type:
Multiplex
Style:
2-Storey
Taxes:
$6,422
Possession:
Imm w/ Tenants
Lot Front:
100.25   Feet
Lot Depth:
166.24   Feet
Basement:
Finished | Full
Driveway Pkg:
0
Heat:
Gas | Water

Description


38-40 First St, , Welland, Ontario is a Multiplex property in Welland and in the 773 - Lincoln/Crowland community in the L3B 4R9 postal code


Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2025-02 2025-03 $879,900 $879,900 New X11993763

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Welland :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 38-40 First St

Based on available 3rd party data

$3653

Approximate costs per month

Mortgage
$2983 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$535 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Hospital
  • Park
  • Public Transit
  • Rec Centre
  • School
Listing Broker COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Data Source: TRREB

Payment calculator

$3518 monthly. In association with: TD Bank
%
  • Principal and Interest
    2983 /mo
  • Property Taxes
    $535 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mike Zamani, Realtor

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