Welland - 773 - Lincoln/Crowland
Welland - 773 - Lincoln/Crowland
Listed For $1,099,000
Get Pre-approvedAdded 1 month ago
PRICED BELOW REPLACEMENT COST - HIGH-YIELD VALUE-ADD OPPORTUNITY! Approx. 8,000 SQ. FT. MIXED-USE BUILDING generating $103,000+ NET ANNUAL INCOME (9.4% CAP) with a clear path to approximately $121,000 (11%+ CAP) through strategic rent optimization and minor improvements. Featuring 4 RESIDENTIAL UNITS & 3 COMMERCIAL UNITS, this asset offers stable cash flow with exceptional upside. CC2 (COMMUNITY COMMERCIAL) ZONING permits a wide range of HIGH-DEMAND USES, including restaurants, take-out, day care, convenience store, retail, offices, medical, and fitness. ALSO PROPOSED DRAWINGS AVAILABLE to convert approx. 4,000 SQ. FT. MAIN FLOOR INTO 4 RESIDENTIAL UNITS + 1 COMMERCIAL UNIT, providing a rare opportunity to maximize density and income or execute your own vision. Commercial units are month-t
* Values are estimates only and not a guarantee of lending or affordability.