40 First Street 38, Welland - Sold for $650,000 | Modern Solution Realty

40 First Street 38, Welland

40 First Street 38 in Welland - 9 bedroom, 5 bathroom. Sold for $650,000. Listed at $750,000.

Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 4250 sqft
  • Basement: Full
  • Heating: Gas
  • Cooling: None
  • Parking: 0 space
  • Property Taxes: $6,422/yr
  • Neighbourhood: 773 - Lincoln/Crowland
  • Postal Code: L3B 4R9

See more sold prices and current listings with Modern Solution Realty. 1% commission listing services available.