38 Division Street
Welland (Welland Downtown), ON L3B 3Z6
- 0Bedrooms
- 3Bathrooms
- 3Parking
- —Sq Ft
- $4,114Tax
- 23×126 ftLot Size
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About 38 Division Street, Welland, Welland Downtown
Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), newer roof 2023 and more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,114
- Land Transfer Tax Fee
- $10,473
- Basement Type
- None
Interior Features
- Fireplace/Stove
- No
- Elevator
- No
Building
- Building Type
- Residential Income
Construction
- Exterior Finish
- Brick
Lot
- Lot Front
- 22.83 ft
- Lot Depth
- 126.16 ft
Parking & Garages
- Parking Spaces
- 3
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Type
- Radiant
- Air Conditioning
- None
- Washrooms
- 3
- Area
- Niagara
- Municipality
- Welland
- Neighbourhood
- Welland Downtown
- MLS® number
- 40680317
- Data source
- MLS
- Status change
- 2025-01-07
- Listed on
- 2024-11-22
- Days on market
- 46 days
- Possession type
- Tenant
- Seller
- Listed by
- RE/MAX Real Estate Centre Inc, Brokerage
Home Market Value
Current home valuation for 38 Division Street, Welland, Welland Downtown, Welland, ON. Listed for $699,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 38 Division Street, Welland, Welland Downtown
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $199,900 over $500K
$44,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $26,176 | $19,527 | $16,658 | $0 |
=Total mortgage | $680,582 | $649,437 | $611,573 | $559,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,323monthly | $3,171monthly | $2,986monthly | $2,734monthly |
Land Transfer Tax
$10,473
$10,473
Around this home
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