RARE OPPORTUNITY WITH ENDLESS POSSIBILITIES! Welcome to 428 Wallace Avenue North in Welland, a unique property offering residential rental income along with a substantial commercial-style shop space. Featuring approximately 4,500 sq. ft. of combined space, the property includes a detached home of approximately 1,400 sq. ft. and a separate building offering approximately 2,926 sq. ft. across the main-floor shop and upper-level residential apartment. Both the home and apartment are currently tenanted, providing existing rental income, while the shop is owner-occupied and offers excellent space for a business, workshop, storage or personal use. Whether you're an investor looking to expand your portfolio, a business owner wanting to operate from your own property while collecting rental income, or someone exploring future redevelopment or additional residential units, this property offers plenty of potential. A unique opportunity with multiple income streams and possibilities, all in one location! (id:4069)
Address
428 WALLACE AVENUE N
List Price
$479,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Welland (welland Downtown)
Bedrooms
6
Bathrooms
3
Half Bathrooms
1
Floor Area
2500 - 3000 Sq. Ft.
Lot Size
60 x 101.8 FT Sq. Ft.
Lot Depth
101 ft ,9 in
Frontage Length
60 ft
MLS® Number
X13883436
Listing Brokerage
COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Basement Area
Full (Unfinished)
Postal Code
L3B1R2
Parking Places (Total)
8
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Foundation Details
Block, Concrete
Other Structures
Workshop
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
