14 ASHER STREET, Welland (Welland Downtown)

$599,000

For sale: Multiplex

Property type

Multi-family

Bedrooms / bathrooms

7 bedrooms, 4 bathrooms

Living area

699 sqft

MLS number

MLS® X12690258

Neighbourhood

768 - Welland Downtown

Four-plex Apt building under power of sale with exceptional redevelopment potential situated on a Oversized lot for the area. The property has received City of Welland approval for a minor variance supporting a 30-unit mid-rise development, consisting of 30 residential units with surface parking in 2023. The existing building currently contains four self-contained units with separate metering available, all of which are vacant. Ideal for Renovator /Investor to renovate all the rental units and lease out at market rents or rebuild. The site is zoned RM - Medium Density Residential which allows develop as mentioned or on a smaller scale. Don't Miss this Opportunity !