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X5765898
$4,999,000

276 King St (King St/Albert St)

Price: $4,999,000

Status: For Sale 

MLS®#: X5765898

$4,999,000
  • Tax: $15,604 (2021)
  • City:Welland
  • Type:Residential
  • Style:Detached (2-Storey)
  • Beds:9+5
  • Bath:11
  • Size:5000+ Sq Ft
  • Basement:Part Bsmt (Unfinished)
  • Age:100+ Years Old

Features:

  • ExteriorBrick
  • HeatingForced Air, Gas
  • Sewer/Water SystemsSewers, Municipal
  • Lot FeaturesPark, Public Transit

Listing Contracted With: RE/MAX REALTY SPECIALISTS INC., BROKERAGE

Description

Price Include 268+276 King St, Also Known As Postal Address 268+270+272+274+276+278 King St+Detached Warehouse Facing Albert St.*Up To 75% Vtb Financing Available*Combined Frontage 88 Ftx110 Ft. 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.Land Site Area 9,699.36 Sq Ft*Total Flr Area 16,344 Sq Ft, 268+272 King St Are 2 Bachelors (Or Can Be Used As Offices),274 King St Has Two 3-Bdrms Apt Upstairs,278 King St Has 2 Commercial Store Main Flr(Currently A Laundromat+ Take-Out Restaurant),2nd Flr Contains 10 Rooms Office Space Before, Can Be Converted Into Two 3-Bdrms *5 Kitchens+11 Wshrms+10 Parking.Current 16 Rooms Units.


Highlights

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.

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Alaa Yousif

Real Estate Broker

RE/MAX Realty Specialists Inc., Brokerage