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$1,369,900
Available - For Sale
Listing ID: X8482212
Prime Investment Opportunity: Sturdy Building with Thriving Businesses and Room for Expansion" Discover a solid investment in this robust building strategically located in a high-traffic area. Originally two lots, it currently hosts two bustling commercial units and three fully occupied residential spaces, offering not just returns but also the potential for growth. At the heart of the commercial scene is the Kavern Bar and Kitchen, a reliable tenant boasting a full kitchen, seating for over 100 patrons, and two basement event centers. It's more than a bar; it's a community focal point that ensures not just income but a touch of local character. Built to endure, this property is ready for action. Fully occupied residential units provide a steady income, while the success of Kavern Bar & Kitchen promises immediate returns for those seeking a solid investment. Ample parking adds convenience for everyone coming through the door. What sets this place apart is its potential for future development. Originally two lots, there's room to expand, renovate, or kickstart new projects. This isn't about ruggedness; it's about offering a canvas for your vision and plans. Adding a touch of practicality, a digital board becomes your versatile billboard, promoting businesses in a straightforward, effective way. It's not about being gritty; it's about visibility and attracting attention from the neighborhood in a way that resonates. This investment isn't about extravagance; it's about reliability. Whether you're after immediate returns or planning for future growth, this building provides a stable foundation for both. Don't miss out on this opportunity.
Price $1,369,900
Taxes: $20,055
Tax Type: Annual
Assessment: $457000
Assessment Year: 2024
Occupancy by: Tenant
Address: 192 Maple Ave West , Welland, L3C 5G5, Ontario
Postal Code: L3C 5G5
Province/State: Ontario
Lot Size: 149 x 186 (Feet)
Directions/Cross Streets: PRINCE CHARLES/ MAPLE AVE
Zoning: C2
Category: Office
Use: Other
Building Percentage: Y
Total Area: 4,500
Total Area Code:  Sq Ft
Financial Statement: Y
Chattels: N
Franchise: N
Outside Storage: Y
Crane: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: None
Sewers: Sanitary
Water: Municipal
Water Supply Types: Shared Well
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COLDWELL BANKER ADVANTAGE REAL ESTATE

192 Maple Ave West , Welland, L3C 5G5, Ontario

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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Type: Com - Investment
Area: Niagara
Municipality: Welland
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Lot Size: 149.00 x 186.00(Feet)
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Tax: $20,055
Maintenance Fee: $0
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Baths: 7
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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