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In-PersonVirtual Tour
$ 1,399,000
Est. payment | /mo
3 Beds
3,000 SqFt
$ 1,399,000
Est. payment | /mo
3 Beds
3,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $466
Subdivision 768 - Welland Downtown
MLS Listing ID X13639556
Bedrooms 3
Annual Tax Amount $4,629
Tax Year 2025
Property Sub-Type Investment
Property Description
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters.
Location
State ON
County Niagara
Area Niagara
Zoning DMC
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Parking Features None
Utilities Available None
Building
Building Age 51-99
Lot Description Lot
Lited by CENTURY 21 PEOPLE`S CHOICE REALTY INC.