By using our site, you agree to our Terms of Use and Privacy Policy.
Dismiss
Home ON St. Catharines - Niagara Welland Market Square
9 ALBERT Street
Directions Print
$2,200,000
Favourite

9 ALBERT Street
Welland, Ontario L3B4G1

MLS® Number: 40323528
8 + 0
Bedrooms
5
Bathrooms

There was an error while loading the video. It could be a temporary error, so please hit refresh to try again.

If it's still not loading we are sorry for the inconvenience and please report the issue as it could be a solvable issue.

Description

*** Up To 75% VTB 1st Mortgage OR Assume Existing 1st Mortgage About $324,000 @ 2% For 7 Years + Up To 65% VTB 2nd Mortgage. *** Approx 4,044 Square Feet 2 Storey Legal Rooming House. 19 Rooms. Excellent Floor Plan, Easy to Manage. *** 1st Floor 8 Bedrooms, 1 Kitchen, 1X4 Washroom, 1X 2 Shower Stalls, 1X2 Washroom, 1X3 Washroom *** + *** 2nd Floor 11 Rooms, 1 Kitchen, 1X2 Washroom, 1X4 Washroom *** Great Set Up For Student Housing Or Long Term Lodging By The Bus Route. *** About 8 Minutes Drive to Niagara College Welland Campus with Over 9,000 Students *** 9 Albert Street was recently gone thru a major renovation in 2019 (Windows, Doors, Many Newer Renovation / Improvement Thru Out), Gross Income About $12,000 / Month OR $144,000 / Year and the Rental Income keeps on Increasing (This is a Positive Cash Flow Money Making Cash Cow Property and Business). Easy to Manage Rooming House Operation in Welland. Total Expenses: Property Tax + Utilities + Maintenance Etc Estimated $20,000 / Year. Rental (Boiler, Hot Water Heater) to be assumed on Closing. *** Unit #17, 18, 19 in 2nd Floor is a self contained three bedrooms + Balcony with 1 X 4 Piece washroom, 1 kitchen, Excellent for Owner family / Manager / Superintendent Private Suite *** *** Property In “As Is-Where Is Condition”. No Warranty From Seller / Agents. Buyer To Perform Own Due Diligence. *** No Property Survey *** Welland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College Welland Campus, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St Catharines And Port Colborne. The Welland Canal is a major part of the St. Lawrence Seaway, providing a deep draft passage that bypasses Niagara Falls between Lakes Erie and Ontario. It provides access to safe ports and rail routes to Canada’s west or to the east, and easy access to the Atlantic Ocean as well as much of the rest of the world. (44742727)

Location Description

King Street And Lincoln Street

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
4044
Subdivision Name
768 - Welland Downtown
Title
Freehold
Land Size
under 1/2 acre
Built in
1917
Total Parking Spaces
1
Time on REALTOR.ca
141 days

Building

Bedrooms
Above Grade
8
Bathrooms
Total
5
Partial
2
Interior Features
Appliances Included
Microwave, Refrigerator, Stove
Basement Type
Partial (Unfinished)
Building Features
Features
Park/reserve, Crushed stone driveway
Foundation Type
Poured Concrete
Style
Detached
Architecture Style
2 Level
Square Footage
4044
Rental Equipment
Furnace, Water Heater
Total Units
0
Heating & Cooling
Cooling
None
Heating Type
(Electric), Radiant heat, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Metal
Neighbourhood Features
Amenities Nearby
Park, Public Transit
Parking
Total Parking Spaces
1

Rooms

MetricImperial
Main level
Kitchen
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
2pc Bathroom
3pc Bathroom
4pc Bathroom
Second level
2pc Bathroom
4pc Bathroom

Land

Lot Features
Frontage
37 ft
Land Depth
76 ft
Other Property Information
Zoning Description
Residential Dmc Rm
Data provided by: Mississauga Real Estate Board 3450 Ridgeway Dr #1, main building, Mississauga, Ontario L5L0A2

Similar Listings

Johnny Rodrigues