42 Riverside Drive, Welland
42 Riverside Drive, Welland
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12 Photos
- Bedrooms: 6
- Bathrooms: 4
- Living area: 3711 sqft
- MLS®: x8314396
- Type: Fourplex
- Added: 9 days ago
Property Details
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr! (id:1945)
Property Information
- Sewer: Sanitary sewer
- Cooling: Wall unit
- Heating: Radiant heat, Natural gas
- List AOR: Toronto
- Stories: 2
- Basement: Unfinished, Full
- Photos Count: 12
- Water Source: Municipal water
- Parking Total: 6
- Bedrooms Total: 6
- Structure Type: Fourplex
- Tax Annual Amount: 4533.55
- Exterior Features: Vinyl siding
- Foundation Details: Block
- Lot Size Dimensions: 45 x 70 FT
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