Residential Income For Sale
2,195 Sqft - 9 Kingsway Street, Welland, Ontario L3B 3N5
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.
- Listing ID : 40484031
- Bedrooms : 5
- Square Footage : 2,195 Sqft