$1,475,000
Welland
25-31 West Main Street, Welland (Broadway), Ontario, L3C4Z5
This retail property in Welland is for sale offering roughly 7,250 sq ft of space. It has been on the market 49 days, fresher than the Welland average of 63 days.
Rare Downtown Welland Investment & Development Opportunity! Offered together, these two adjoining commercial buildings provide a unique combination of existing income, flexible space, prominent corner exposure, parking, and future potential. Located at West Main Street and Division Street on approximately 0.26 acres, the properties are zoned Downtown Mixed-Use Centre (DMC). 25 West Main Street is a freestanding corner building currently home to TEMPUS restaurant with the approximately 1,250 sq. ft. main floor includes a 750 sq. ft. dining room with seating for up to 70, while the basement features a large prep kitchen, washrooms, and a private dining room for 16. A standout feature is the impressive 17' x 70' canal-view patio, accommodating up to 60 guests with renovations completed in 2014/2015. 29-31 West Main Street offers approximately 3,000 sq. ft. per floor across two upper floors, plus an approximately 1,100 sq. ft. basement office/storage area. The upper floors have been stripped to the brick walls, creating an expansive blank canvas with large picture windows. Ideal for a future brewpub, event venue, restaurant, retail, office, entertainment concept, or other permitted use. The exterior façade was updated three years ago. Rear parking provides additional convenience and can also serve as a receiving area. With immediate rental income, substantial flexible space, canal views, parking, and DMC zoning, this is an exceptional opportunity for an investor, owner-user, entrepreneur, or developer looking to establish a significant presence in downtown Welland.Two buildings. One acquisition. Significant potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 49 days on market, against an average age of 63 days across the listings currently for sale in this city
This retail in Welland (Broadway) has been listed for 49 days, which is 14 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,475,000, about 18.8× the local median household income of $78,500.
Carrying it typically needs a household income of about $288,119 (20% down, 25-yr amortization, stress-tested) — roughly 267% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3C)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →No similar listings for sale right now.