• 109-111 DIVISION Street
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109-111 DIVISION Street, Welland, Ontario, L3B3Z8
Property TypeOffice Built in1931
Lot Size0.25 acres

Downtown investment opportunity! Located on a downtown corner lot and only steps away from the Welland Market and the Welland Canal, this 12,250sqft building has endless possibilities, including the potential for 12 residential units plus 1 commercial unit. The second floor could have 6 residential units, the main floor could have 5 residential and 1 commercial storefront and the basement could be a 2-bedroom residential unit with egress windows and side access. Furnace system done in 2018 and heats/cools the second floor. Two newer furnaces handle the commercial space and the 1900sqft warehouse area has its own. Two more floors could be added to the back of the building. In the City of Welland, commercial spaces can be converted to 75-85% residential and the rest a commercial storefront. Developer incentive opportunities could include a city façade program for the front and side (corner lot) and freezing property taxes with qualifying improvements. Buyer to complete their own due diligence. Zoning: Downtown Mixed Use-which includes a variety of commercial/residential uses. Must be sold with the building next door (115-117 Division St MLS#40145177). (id:28812)


Details
Amenities NearbyHospital, Park, Place of Worship, Public Transit, Schools, Shopping EquipmentNone
FeaturesCorner Site, Park/reserve, Paved driveway OwnershipFreehold
Parking Spaces15 Rental EquipmentNone
SignSignband TransactionFor sale
Zoning DescriptionDMC-Downtown Mixed Use
Building
Basement DevelopmentUnfinished BasementPartial (Unfinished)
Constructed Date1931 Construction Style AttachmentDetached
CoolingCentral air conditioning Exterior FinishBrick
Fire ProtectionAlarm system FlooringConcrete
HeatingForced air Size Exterior12254.0000
Storeys Total2 Utility WaterMunicipal water
Land
Size Total0.251 ac|under 1/2 acre Size Frontage66 ft
Access TypeRoad access AmenitiesHospital, Park, Place of Worship, Public Transit, Schools, Shopping
SewerMunicipal sewage system Size Depth165 ft
Size Irregular0.251

Listing Office: RE/MAX NIAGARA TEAM ZING REALTY INC.

Data Provided by Niagara Association of REALTORS®

Last Modified :19/08/2021 11:20:24 AM

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