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Home ON St. Catharines - Niagara Welland Market Square
276 KING Street
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$4,999,000
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276 KING Street
Welland, Ontario L3B3J8

MLS® Number: 40323595
8 + 0
Bedrooms
11
Bathrooms

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Description

Price Include 268 King St + 276 King St, also known as Postal Address 268+270+272+274+276+278 King St + Detached Warehouse Facing Albert St. ** Up to 75% Vendor Take Back Financing Available ** Combined Frontage 88 Feet. 4 Bldgs + 1 Detached Warehouse (Potential to convert back into a Winery OR Start a New Marijuana / Cannabis Cultivation Facility OR Build a 10 Residential Units for Additional Income).** Property is Great for redevelopment as well. ** Current Use is Laundromat/Take Out Restaurant/Retail/Mix Use Of Residential/Commercial Bldg In Downtown Welland. About 7 Minutes Drive to Niagara College Welland Campus. Total lot size 88 Feet X 110.22 Feet. Current Zoning is DMC. Land Site Area 9,699.36 Sq Ft. *** Buildings were Built in different stages; 1920, 1930 and 1940. Total Floor Area 16,344 Sq Ft, Total Int. Office Area 4,295 Sq Ft. Main Flr Ceiling Height Varies from 12 Ft to 15 Ft, 2nd Flr Ceiling Height Varies from 8 Ft to 9.5 Ft, Unfinished Bsmt Ceiling Height Varies from 6.5 Ft to 6.6 Ft. 268 King St and 272 King St are 2 bachelors (or can be used as offices), 274 King St has two 3-bdrms apartments upstairs, 278 King St has 2 commercial Store Main Flr (currently a laundromat and a Take-Out Restaurant), 2nd Flr contains 10 rooms office space before, can be converted into two 3-bdrms. 5 Kitchens + 11 Washrooms + 10 Parking. Current 16 Rooms Units. Potential Total Gross Income About $25,000/Month or $300,000/Year and More. *** Rental: Furnace,Central Air Conditioner,Hot Water Heater NO Property Survey. *** Property being Sold in “AS IS-WHERE IS”, No Warranties/representation from Seller/Agents. ***Welland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College Welland Campus with close to 10,000 Student Populations, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St. Catharines And Port Colborne. (44742787)

Location Description

King St / Albert St

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
20639
Subdivision Name
768 - Welland Downtown
Title
Freehold
Land Size
under 1/2 acre
Built in
1920
Total Parking Spaces
10
Time on REALTOR.ca
141 days

Building

Bedrooms
Above Grade
8
Bathrooms
Total
11
Partial
3
Interior Features
Basement Type
Partial (Unfinished)
Building Features
Features
Park/reserve, Laundry- Coin operated
Style
Detached
Architecture Style
2 Level
Square Footage
20639
Rental Equipment
Furnace, Water Heater
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Park, Playground, Public Transit, Shopping
Parking
Total Parking Spaces
10

Rooms

MetricImperial
Main level
Bedroom
Bedroom
Bedroom
Bedroom
2pc Bathroom
2pc Bathroom
2pc Bathroom
3pc Bathroom
3pc Bathroom
Second level
Bedroom
Bedroom
Bedroom
Bedroom
3pc Bathroom
3pc Bathroom
3pc Bathroom
3pc Bathroom
3pc Bathroom
3pc Bathroom

Land

Lot Features
Frontage
88 ft
Land Depth
111 ft
Other Property Information
Zoning Description
DMC per MPAC
Data provided by: Mississauga Real Estate Board 3450 Ridgeway Dr #1, main building, Mississauga, Ontario L5L0A2

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