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$599,900
Welland
196 East Main Street, Welland (Welland Downtown), Ontario, L3B3W8
This office property in Welland is for sale offering roughly 2,400 sq ft of space.
Great, long-term investment opportunity located in the historic and vibrant core of Welland. Approx. 2,400 sq. ft. one and a half-storey, free-standing commercial property. This income producing building is currently fully occupied by a professional Tenant with a triple-net lease in place. Building is currently finished office space with main floor consisting of reception area, waiting area, several offices and two, 2-piece washrooms. Second floor features open area, more private offices, kitchenette and one 3-piece washroom. Main floor has central air, boiler heat throughout. Property has some on-site parking as well as free, two-hour street parking directly in front of the Premises. Located close to all amenities, public transit and easy access to Highway 406. Excellent opportunity to invest with instant income now and many opportunities in the future. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 143 days on market, against an average age of 87 days across the listings currently for sale in this city
This office in Welland (Welland Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $599,900, about 9.0× the local median household income of $66,500.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 76% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3B)
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