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42 Riverside Drive — Fourplex
SoldWelland, ON L3C 5E2
6 Bed · 4 Bath · Fourplex
MLS #X8314396
Sold on July 28, 2024
July 28, 2024
Originally listed at $399,000 28 days on market
About This Property
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr!
Property Details
Bedrooms
6
Bathrooms
4
Square Feet
2000-2500 sqft
Property Type
Fourplex
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42 Riverside Drive History
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Price History
Original List Price
$399,000
Listed on May 5, 2024
Sold Price
$325,000
Sold on Jul 28, 2024
-$74,000
-18.5%
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Your Agent
OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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About 42 Riverside Drive, Welland, ON L3C 5E2
42 Riverside Drive, Welland, ON L3C 5E2 is a 6-bedroom, 4-bathroom 2-storey fourplex with approximately 2000-2500 square feet of living space, situated on a 45 70 foot lot. This property is currently sold (sold for $325,000). The home features a none garage and a full, unfinished basement, built approximately 100+ years ago.
772 - Broadway Neighbourhood
This home is located in 772 - Broadway, part of Welland in the Niagara area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in 772 - Broadway, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
42 Riverside Drive, Welland, ON L3C 5E2
42 Riverside Drive, Welland, ON L3C 5E2 sold,6 bedroom fourplex 772 - Broadway,Welland homes for sale,Niagara real estate,2-Storey homes, fourplex sold