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42 Riverside Dr
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6 Bed
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4 Bath
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2000-2500 Ft² sqft
Niagara
Added : 1 hour ago
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION AFTER APRIL 1/24* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need work to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $1000/month + hydro for Bachelor unit giving it a potential total gross rent of $6000/month or $72,000/yr! The potential of this property alone makes it worth a look to see if the numbers may work for you!
Extras
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PROPERTY
- Status: For Sale
- County: Canada
- Type: Detached
- Style: 2-Storey
- Size(sq ft): 2000-2500 Ft² SQFT
- Age: 100+
- Area: Niagara
- Community: null
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INSIDE
- Bedrooms: 6
- Bathrooms: 4
- Kitchens: 4
- Rooms: 14
- Den/Family Room: N
- Central Vac:
- Fire Place: N
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BUILDING
- Basement: Full
- Basement2: Unfinished
- Fuel/Heating: Gas
- Heating: Radiant
- UFFI:
- Water supply: Municipal
- Exterior: Vinyl Siding Vinyl Siding
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PARKING
- Driveway: None
- Garage: 0.0 None
- Parking Places: 6
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FEES
- Taxes: 4533.55
- Tax Year: 2023
- Tax Legal Description: PT LT 1 PL 959 , PT LT 28 CON 5 CROWLAND , AS IN RO716998 ; WELLAND
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UTILITIES
- Electricity: N/A
- Gas:
- Cable:
- Telephone:
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HIGHLIGHTS
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LAND
- Fronting On: E
- Frontage: 13.72
- Lot Depth: 70.00
- Lot Size Units: Feet
- Acres:
- Waterfront:
- Pool: None
- Sewer: Sewers
- Zoning: RL2
- Parcel Number: 641010088
- Cross Street: Wade
- Municipality District: Welland
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Additional Media
- Virtual Tour: View Tour
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Rooms
- Living 5.38 x 3.12 Hardwood Floor , Window , Pot Lights
- Dining 5.38 x 3.17 Combined W/Kitchen , Window , Pot Lights
- Kitchen 5.38 x 4.12 Combined W/Dining , Centre Island , Custom Backsplash
- Prim Bdrm 5.54 x 7.34 5 Pc Ensuite , W/O To Yard , Pot Lights
- 2nd Br 5.38 x 7.21 5 Pc Ensuite , B/I Closet , Window
- 3rd Br 3.89 x 3.68 B/I Closet , Window , Hardwood Floor
- 4th Br 2.95 x 3.33 B/I Closet , Window , Hardwood Floor
- 5th Br 4.47 x 3.68 B/I Closet , Window , Hardwood Floor
- Loft 3.63 x 3.43 B/I Closet , Window , Hardwood Floor
- Bed Room 4.01 x 2.87 B/I Closet , Hardwood Floor , Window
- Bed Room 3.10 x 3.07 B/I Closet , Hardwood Floor , Window
- Kitchen 3.20 x 3.00 Custom Backsplash , Window , Hardwood Floor
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Price History
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Listing records for 42 Riverside Dr
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速
MLS # Date Event Price C7364818 2023-12-21 New Price $1,999,998 C7346442 2023-12-08 New Price $2,499,998 C5885476 2023-02-01 New Price $1,199,000 C5603322 2022-05-04 New Price $1,199,000 C5161282 2021-03-25 New Price $1,399,000 -
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More inquery about property.
+1 (647) 378-0715-
Type :Fourplex
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Walk Score :N/A
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Style :2-Storey
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Size :N/A
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Days on Site :Dec 21/2023 (1 hour ago)
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Lot Size : 45.00 X 70.00 Feet
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Listed By :REVEL REALTY INC.
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Age :100+
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Taxes :$4533.55/yr
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