Property Description

*** Up To 75% VTB 1st Mortgage OR Assume Existing 1st Mortgage About $324,000 @ 2% For 8 Years + Up To 65% VTB 2nd Mortgage. ***rnrnApprox 4,044 Sq Feet 2 Storey Legal Rooming House. 19 Rooms,rn*** 1st Floor 8 Bedrooms, 1 Kitchen, 1X4 Washroom, 1X 2 Shower Stalls, 1X2 Washroom, 1X3 Washroom *** +rn*** 2nd Floor 11 Rooms, 1 Kitchen, 1X2 Washroom, 1X4 Washroom ***rnrnGreat Set Up For Student Housing Or Long Term Lodging By The Bus Route.rnrn*** About 8 Minutes Drive to Niagara College Welland Campus. ***rnrn2019 (Windows, Doors, Many Newer Renovation / Improvement Thru Out),rnrnGross Income About $11,000 / Month OR $132,000 / Year.rnrnTotal Expenses: Property Tax + Utilities + Maintenance Etc Estimated $20,000.rnrnRental (Boiler, Hot Water Heater).rnrn*** Unit #17, 18, 19 in 2nd Floor is a self contained three bedrooms + Balcony with 1 X 4 Piece washroom, 1 kitchen, Excellent for Owner family private suite ***rnrn*** Property In “As Is-Where Is Condition”. No Warranty From Seller/Agents.Buyer To Perform Own Due Diligence.rnrn*** No Property Survey ***rnrnWelland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St Catharines And Port Colborne.

Features
: Electric, Radiant, Gas
: Asphalt Rolled
: Gravel
: Poured concrete
: Municipal
Address Map
CA
Ontario
Niagara
Welland
L3B 4G1
ALBERT
9
Street
E0° 0' 0''
N0° 0' 0''
Additional Information
RE/MAX REALTY SPECIALISTS INC.(ST)
0
0 Sqft
Rooming House
King Street And Lincoln Street

9 ALBERT Welland

9 ALBERT Street, Welland, Ontario L3B 4G1

19 Bedrooms
6 Bathrooms
C$2200000
Listing ID #40101679
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40101679
Price : C$2200000
Bedrooms : 19
Bathrooms : 6
Year Built : 1917
Status : Active
Lot Depth : 76.25
Lot Front : 36.96
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