Paul Chen, Sales Representative

$599,900

Available - For Sale

Listing ID: X12135785

12 East Main Stre , Welland, L3B 3W3, Niagara

POSITIVE CASH FLOW OPPORTUNITY with this prime commercial property in the heart of Welland's downtown core. This property has a high-visibility storefront and self-contained residential apartments and promises a robust income stream with an impressive cap rate. Conveniently located near Niagara College's Welland campus, public transit, and the scenic boardwalk, it also offers stunning views of the Welland Bridge and Canal. With its high-demand area and solid return potential, a total of 3600 sqft with 2 residential units (900 sqft each) and 1 large Commercial Storefront unit with 3 offices, approximately 1800 sqft. This property is a must-see for savvy investors.

Price	$599,900
Taxes:	$6590.01
Tax Type:	Annual
Assessment Year:	2024
Occupancy:	Partial
Address:	12 East Main Stre , Welland, L3B 3W3, Niagara
Postal Code:	L3B 3W3
Province/State:	Niagara
Directions/Cross Streets:	East Main Street / Niagara Street

Washroom Type

No. of Pieces

Level

Washroom Type 1

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Washroom Type 5

Category:	Multi-Use
Building Percentage:	F
Total Area:	3600.00
Total Area Code:	Square Feet
Retail Area Code:	Sq Ft

Sprinklers:	No
Washrooms:	0
Heat Type:	Electric Forced Air
Central Air Conditioning:	Yes

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Percent Down:
Down Payment	$29,995	$59,990	$89,985	$119,980
First Mortgage	$569,905	$539,910	$509,915	$479,920
CMHC/GE	$22,796.2	$16,737.21	$14,277.62	$0
Total Financing	$592,701.2	$556,647.21	$524,192.62	$479,920
Monthly P&I	$2,924.87	$2,746.95	$2,586.8	$2,368.32
Expenses	$0	$0	$0	$0
Total Payment	$2,924.87	$2,746.95	$2,586.8	$2,368.32
Income Required	$109,682.75	$103,010.75	$97,004.84	$88,811.94

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$1,480.2

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Disclosure Statement

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.

REVEL Realty Inc., Brokerage

Listing -1 of 0

Po Paul Chen

Broker

Dir:

647-283-2020

Bus:

905-475-4750

Fax:

905-475-4770

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Type:	Com - Commercial Retail
Area:	Niagara
Municipality:	Welland
Neighbourhood:	768 - Welland Downtown
Style:
Lot Size:	x 83.60(Feet)
Approximate Age:
Tax:	$6,590.01
Maintenance Fee:	$0
Beds:	0
Baths:	0
Garage:	0
Fireplace:	N
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