Homes for Sale in Niagara Region—

Residential Income For Sale

2,195 Sqft - 9 Kingsway Street, Welland, Ontario L3B 3N5

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Property Description

Step out of your back door and launch your kayak or canoe. This is a rare opportunity to own a beautiful WATERFRONT PROPERTY with many mature trees backing onto the Recreational Flatwater Canal in Welland. It’s like being at the cottage without the traffic. This versatile property has a lot to offer. It has 3 kitchens, 3 bathrooms, separate entrances, laundry facilities, 2 furnaces, 2 central air units, 2 water heaters, 2 electrical panels, a 2-car garage, and plenty of parking. A trip to City Hall confirmed that it is recognized as 2 units, the 120’ lot could potentially be severed, and it is zoned R1 which allows up to 3 units per building. It was previously zoned Commercial with a business in the front unit. This could be a great opportunity with all the new housing and reconstruction of the bridge. There are so many potential options for the Buyer to explore. Here are a few considerations: 1) Sever the property and build 2 structures, each with as many as 3 units for a total of up to 6 rentals. 2) Run your business out of the front unit, or lease the space to a business, and rent out or live in the upper unit. 3) Operate short-term rentals such as a B & B or Airbnb. 4) Live in one unit and rent out the rest. 5) Rent out all the units including the 2-car garage. 6) Sever the land and sell one half. 7) Renovate to a spacious single-family home or start fresh and build your canal-front dream home. 8) Convert the garage into an ADU for additional income. The possibilities are endless in this growing community. BUYER TO DO THEIR DUE DILIGENCE. Excellent tenants in the front unit would love to stay. They maintain the grounds and look after snow removal. The balance of the house is vacant so you can set your own rents or modify it to suit your needs. The following are not presently in working order: jetted tub, gas fireplace, 1 A/C unit.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40484031
Price : $749,000
Bedrooms : 5
Square Footage : 2,195 Sqft
Square Footage : 2,447 Sqft
Status : Active
Property SubType : Duplex Up/down
Features
Heating System : Forced Air, Natural Gas
Cooling System : Central Air
Basement : Partial, Partially Finished, Sump Pump, Separate Entrance
Parking : 10
Garage Spaces : 2
Interior Features : Built-in Appliances, Separate Heating Controls, Separate Hydro Meters, Accessory Apartment
Laundry Features : Common Area
Lot Features : Ample Parking, Rectangular, School Bus Route
Parking Features : Detached Garage
Roof : Metal
Security Features : Smoke Detector
Sewer : Sewer (municipal)
Waterfront Features : Canal, Canal Front, Direct Waterfront
Address
Province : Ontario
Region : Niagara
City : Welland
Neighbourhood : Welland
Postal Code : L3B 3N5
Street : 9 Kingsway Street
Floor Number : 0
Direction Faces : West
Directions : South on Canal Bank St towards Dain City, turns into Kingsway. On the right just before Forks Rd. East.
Additional MLS Details
Office Name : KELLER WILLIAMS COMPLETE NIAGARA REALTY
Agent Name : Kelly Buckley
Architectural Style : 1 Storey/apt
Construction Materials : Vinyl Siding, Wood Siding, Stucco, Metal/steel Siding
Foundation Details : Poured Concrete
Frontage Type : West
Inclusions : Microwave, Smoke Detector, Built-in Microwave, Window Coverings, Hot Water Tank Owned, 3 Stoves, 2 Refrigerators, All Existing Elf's, Existing Fencing Material Stored In Shed/garage
Agent MlsId : NI5657
Office MlsId : NI472
New Construction : 1
Number Of Units : 3
Other Structures : Shed(s)
Road Frontage Type : Municipal Road, Year Round Road
Senior Community : 1
Stories Total : 2
Water Source : Municipal
Zoning : R1
MLSAreaMinor : 772 - Dain City
Residential Income For Sale
  • Listing ID : 40484031
  • Bedrooms : 5
  • Square Footage : 2,195 Sqft
$749,000
Contact Agent
Contact Agent

Address

Royal LePage NRC Realty Compass Estates
33 Maywood Avenue
St. Catharines, ON
L2R 1C5

Administrative Office

1 Keefer Road
St. Catharines, ON
L2M 7N9

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