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$1,599,000
Est. payment /mo
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $159
Subdivision 772 - Broadway
MLS Listing ID X12105058
Building Age 100+
Annual Tax Amount $8,912
Tax Year 2024
Property Sub-Type Investment
Property Description
Welcome to Your Next Great Investment Opportunity! Located in the heart of Welland, proudly known as the "Rose City," this historic area offers a unique blend of industrial charm and natural beauty. The iconic Welland Canal, once a vital shipping route, now serves as a scenic backdrop for recreational activities and waterfront living. This vacant, triple-brick building offers an incredible opportunity to create a stunning 14-unit loft-style apartment complex overlooking the historic Bridge 13 and the Welland Canal. Spanning nearly 10,000 sq ft across three expansive floors, the building boasts soaring 13-foot ceilings and floor-to-ceiling windows, flooding the space with natural light and offering unobstructed canal views. Savvy investors will appreciate that major milestones have already been completed: -Site Plan Approval for 14 residential units is in place. -Phase 1 Environmental Site Assessment (ESA) and Building Condition Assessment(BCA) completed. -Permit-ready architectural drawings included. -As is & As complete Appraisal available. This project is primed and ready for a visionary investor to bring it to life and create a true landmark property. Don't miss out on this rare and exciting opportunity!
Location
Province ON
County Niagara
Community 772 - Broadway
Area Niagara
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 49.66
Lot Depth 92.86
Others
Security Features No
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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE
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