*Up To 75% Vtb 1st Mortgage Or Assume Existing 1st Mortgage About $324,000 @ 2% For 7 Yrs+Up To 65% Vtb 2nd Mortgage* Approx 4,044 Sqft 2 Storey Legal Rooming House.19 Rooms. Excellent Flr Plan,Easy To Manage*1st Flr 8 Bdrms,1 Kitchen,1X4 Wshrm,1X 2 Shower Stalls,1X2 Wshrm,1X3 Wshrm*+*2nd Flr 11 Rms,1 Kitchen,1X2 Wshrm,1X4 Wshrm*Great Set Up For Student Housing Or Long Term Lodging By The Bus Route.*About 8 Minutes Drive To Niagara College Welland Campus With Over 9,000 Students* 9 Albert St Was Recently Gone Thru A Major Renovation In 2019 (Windows,Doors,Many Newer Renovation/Improvement Thru Out)*Gross Income About $12,000/Mth Or $144,000/Yr.Easy To Manage Rooming House Operation In Welland.*Total Expenses:Property Tax+Utilities+Maintenance Etc Estimated $20,000/Yr. Rental (Boiler, Hot Water Heater) To Be Assumed On Closing* Unit #17, 8, 9 In 2nd Flr Is A Self Contained 3 Bdrms + Balcony With 1X4 Pce Wshrm, 1 Kitchen,Excellent For Owner Family/Manager/Superintendent Private Suite*
MLS# | X5764214 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | A |
Days On Site | 877 |
Listing Provided By | RE MAX REALTY SPECIALISTS INC. BROKERAGE | |
Bed(s) | 9 |
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Bath(s) | 6 |
Basement | Y |
Story(s) | 2-Storey |
Zoning | Residential Dmc Rm |
Water Front | No |
State | ON |
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County | Welland |
City | Welland |
Zip Code | L3B 4G1 |
Area | Niagara |
Listing VS Median (in L3B 4G1) | |
Price: $2,200,000 low | high Med: $0 On Site: 877 low | high Med: |