ON > Welland > 773 - Lincoln-Crowland
Welland, ON L3B 4R9,38-40 First ST
Welland, ON L3B 4R9,38-40 First ST
Welland, ON L3B 4R9,38-40 First ST
Welland, ON L3B 4R9,38-40 First ST
Welland, ON L3B 4R9,38-40 First ST
Welland, ON L3B 4R9,38-40 First ST
Nahrin Ashourmaram
Nahrin Ashourmaram

Broker | License ID: 4772860

+1(647) 894-1221

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$ 650,000

$ 750,000 13.3%

Est. payment | /mo

9 Beds

5 Baths

$ 650,000

$ 750,000 13.3%

Est. payment | /mo

9 Beds

5 Baths

Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 773 - Lincoln/Crowland

MLS Listing ID X11993763

Sold Date 06/27/25

Style 2-Storey

Bedrooms 9

Annual Tax Amount $6,422

Tax Year 2024

Property Sub-Type Multiplex

Property Description

Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!

Location

State ON

County Niagara

Community 773 - Lincoln/Crowland

Area Niagara

Zoning INSH

Rooms

Family Room No

Basement Full, Finished

Kitchen 7

Separate Den/Office 2

Interior

Interior Features None

Cooling None

Exterior

Parking Features Street Only

Pool None

Roof Type Asphalt Shingle

Lot Frontage 100.25

Lot Depth 166.24

Building

Building Age 100+

Foundation Concrete Block

Others

ParcelsYN No

Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Nahrin Ashourmaram

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 894-1221

nahrin.ashourmaram@theagencyre.com

378 Fairlawn Ave, Toronto, ON, M5M 1T8, CAN

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38-40 First ST

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