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115-117 Division Street Welland, Ontario L3B 3Z8

Central Air Conditioning Forced Air, Hot Water Radiator Heat, Radiator, Steam Radiator

$1,398,888

Downtown investment opportunity! Located in the downtown core with maximum exposure to the main thoroughfare and only steps away from the Welland Market and the Welland Canal, this 11,160sq ft building (115-117 Division St) has the potential for 3 residential units plus 3 commercial units. The front main level unit has 3150sqft of commercial space, a 4pc bathroom, new furnace and AC. In the back, is an additional 3600 sq ft of commercial/warehouse space currently split into two units (1200sf+2400sf) with a 3pc bathroom. Separate water heater and hydro for units and the building?s electrical was redone. New sprinklers in basement. There are 2 basements and the potential for 2 more floors to be added above the back warehouse building. The front flat roof was replaced in 2020, the peaked roof in 2016 and the back flat roof in 2015. 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 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 on the corner (109-111 Division St MLS#40145176). (id:36947)

Property Details

MLS® Number 40145177
Property Type Office
Amenities Near By Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Communication Type Internet Access
Equipment Type None
Features Park/reserve, Paved Driveway
Parking Space Total 8
Rental Equipment Type None
Sign Type Unknown

Building

Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Material Concrete Block, Concrete Walls, Wood Frame
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Concrete, Wood
Heating Fuel Electric, Natural Gas
Heating Type Forced Air, Hot Water Radiator Heat, Radiator, Steam Radiator
Stories Total 2
Size Exterior 11160.0000
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 160 Ft
Size Frontage 66 Ft
Size Irregular 0.251
Size Total 0.251 Ac|under 1/2 Acre
Size Total Text 0.251 Ac|under 1/2 Acre
Zoning Description Dmc-downtown Mixed Use

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/23469505/115-117-division-street-welland

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