42 Riverside Dr, Welland

42 Riverside Dr, Welland L3C5E2

2-Storey, Fourplex Property
14 Rooms Total, 4 Kitchens
6 Parking Spaces

45.00 x 70.00

Full, Unfinished Basement
Vinyl Siding Exterior

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!

Pt Lt 1 Pl 959 , Pt Lt 28 Con 5 Crowland , As In Ro716998 ; Welland

4-piece on main level
4-piece on 2nd level