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276 King Street

Welland, ON L3B 3J8
  • $4,999,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 40323595
UPDATED: 59 min ago
$4,999,000
  • 8
    BEDS
  • < 0.5
    ACRES
  • 8
    BATHS
  • 3
    1/2 BATHS
  • 20,639
    SQFT
  • $242
    $/SQFT
Neighbourhood:
Type:
Single-Family Home
County:
Area:

Description

Price Include 268 King St + 276 King St, also known as Postal Address 268+270+272+274+276+278 King St + Detached Warehouse Facing Albert St. ** Up to 75% Vendor Take Back Financing Available ** Combined Frontage 88 Feet. 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. Total lot size 88 Feet X 110.22 Feet. Current Zoning is DMC. Land Site Area 9,699.36 Sq Ft. *** Buildings were Built in different stages; 1920, 1930 and 1940. Total Floor Area 16,344 Sq Ft, Total Int. Office Area 4,295 Sq Ft. Main Flr Ceiling Height Varies from 12 Ft to 15 Ft, 2nd Flr Ceiling Height Varies from 8 Ft to 9.5 Ft, Unfinished Bsmt Ceiling Height Varies from 6.5 Ft to 6.6 Ft. 268 King St and 272 King St are 2 bachelors (or can be used as offices), 274 King St has two 3-bdrms apartments upstairs, 278 King St has 2 commercial Store Main Flr (currently a laundromat and a Take-Out Restaurant), 2nd Flr contains 10 rooms office space before, can be converted into two 3-bdrms. 5 Kitchens + 11 Washrooms + 10 Parking. Current 16 Rooms Units. 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. ***Welland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College Welland Campus with close to 10,000 Student Populations, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St. Catharines And Port Colborne.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-10-05T17:22:26.467.
www.fishmangroup.ca/homes/133145506
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276 King Street Welland, ON L3B 3J8

  • Price: $4,999,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 59 min ago
  • MLS #: 40323595
8
Beds
8
Baths
3
½ Baths
< 0.5
Acres
20,639
SQFT
$242
$/SQFT
Neighbourhood:
768 - Welland Downtown
County:
Niagara
Area:
Welland
Property Description
Price Include 268 King St + 276 King St, also known as Postal Address 268+270+272+274+276+278 King St + Detached Warehouse Facing Albert St. ** Up to 75% Vendor Take Back Financing Available ** Combined Frontage 88 Feet. 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. Total lot size 88 Feet X 110.22 Feet. Current Zoning is DMC. Land Site Area 9,699.36 Sq Ft. *** Buildings were Built in different stages; 1920, 1930 and 1940. Total Floor Area 16,344 Sq Ft, Total Int. Office Area 4,295 Sq Ft. Main Flr Ceiling Height Varies from 12 Ft to 15 Ft, 2nd Flr Ceiling Height Varies from 8 Ft to 9.5 Ft, Unfinished Bsmt Ceiling Height Varies from 6.5 Ft to 6.6 Ft. 268 King St and 272 King St are 2 bachelors (or can be used as offices), 274 King St has two 3-bdrms apartments upstairs, 278 King St has 2 commercial Store Main Flr (currently a laundromat and a Take-Out Restaurant), 2nd Flr contains 10 rooms office space before, can be converted into two 3-bdrms. 5 Kitchens + 11 Washrooms + 10 Parking. Current 16 Rooms Units. 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. ***Welland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College Welland Campus with close to 10,000 Student Populations, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St. Catharines And Port Colborne.
Exterior Features

Acres Range < 0.5 Architectural Style Two Story Attached YN No Construction Materials Brick Docking YN No Driveway Parking Lane/Alley ParkingOutside/Surface/Open Foundation Details Other Frontage Length 88.00 Frontage Type East Garage YN No Is Land YN No Lot Features UrbanRectangularCity LotParkPlayground NearbyPublic ParkingPublic TransitShopping Nearby Lot Size Area 9699.36 Open Parking Spaces 10 Open Parking YN Yes Parking Total 10 Pool Features None Property Attached Detached Roof FlatTar/Gravel Waterfront YN No

Interior Features

Above Grade Finished Area 20639 Basement PartialUnfinished Bathrooms Total 11 Beds Above Grade 8 Beds Below Grade 0 Cooling Central Air Fireplace YN No Heating Forced AirNatural Gas Heating YN Yes Interior Features Other Kitchens Total 0 Main Level Bedrooms 4 Room Count 19

Property Features

Assessment Year 2021 Association Fee2 Frequency Monthly Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Energy Certification YN No Inclusions None Laundry Features Coin Operated Lease To Own Equipment Air ConditionerFurnaceWater Heater Lot Depth 110.88 New Construction YN No Property Sub Type Single Family Residence Sewer Sewer (Municipal) Transaction Type Sale Under Contract Air ConditionerFurnaceHot Water Heater Water Meter YN Yes Water Source Municipal Zoning Dmc Per Mpac

Listing information © 2022 Information Technology Systems Ontario.
Listing provided courtesy of Albert Lai of Re/Max Realty Specialists Inc.(St).
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-10-05T17:22:26.467.
 
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