9 KINGSWAY Street , Welland

4 Bed / 3 Bath / $749,000 / MLS® Listing #:40483911

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Step out of your back door and launch your kayak or canoe. This is a rare opportunity to own a beautiful WATERFRONT PROPERTY with many mature trees backing onto the Recreational Flatwater Canal in Welland. It's like being at the cottage without the traffic. This versatile property has a lot to offer. It has 3 kitchens, 3 bathrooms, separate entrances, laundry facilities, 2 furnaces, 2 central air units, 2 water heaters, 2 electrical panels, a 2-car garage, and plenty of parking. A trip to City Hall confirmed that it is recognized as 2 units, the 120’ lot could potentially be severed, and it is zoned R1 which allows up to 3 units per building. It was previously zoned Commercial with a business in the front unit. This could be a great opportunity with all the new housing and reconstruction of the bridge. There are so many potential options for the Buyer to explore. Here are a few considerations: 1) Sever the property and build 2 structures, each with as many as 3 units for a total of up to 6 rentals. 2) Run your business out of the front unit, or lease the space to a business, and rent out or live in the upper unit. 3) Operate short-term rentals such as a B & B or Airbnb. 4) Live in one unit and rent out the rest. 5) Rent out all the units including the 2-car garage. 6) Sever the land and sell one half. 7) Renovate to a spacious single-family home or start fresh and build your canal-front dream home. 8) Convert the garage into an ADU for additional income. The possibilities are endless in this growing community. BUYER TO DO THEIR DUE DILIGENCE. Excellent tenants in the front unit would love to stay. They maintain the grounds and look after snow removal. The balance of the house is vacant so you can set your own rents or modify it to suit your needs. The following are not presently in working order: jetted tub, gas fireplace, 1 A/C unit. (id:10452)

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Property Details

Property Type House
Architectural Style 2 Level
Square Feet 2195.0000
Maintenance N/A
Days On Our Website 12
Basement Partially finished - Partial (Partially finished)
Kitchens 3
Lot Dimensions under 1/2 acre
Pool N/A
Area Welland
Air Conditioning Central air conditioning
Heating Natural gas
Exterior Stucco, Vinyl siding, Wood, Steel
Parking Spaces 8
Parking Type Detached Garage,Detached Garage
Sewers Municipal sewage system
Water Municipal water
Waterfront Waterfront on canal


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