583-585 King St

Cordage | Welland

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Sold for $X,XXX,XXX

Listed $1,199,900

Apr 27, 2023

91 days on market

9 + 1 bed

7 bath

4,250 sqft

6 parking

39 x 132 lot

Multiplex

to see sold details

Home details

Description

Being Offered With A $100,000 Vtb At 6.99%. This Impressive Cashflow Investment Opportunity Is Offered At A 5.7% Cap Rate. Located In Downtown Welland, This Legal Multiplex With 7 Apartments Contains 3 Two-Bedroom And 4 One-Bedroom Units With The Majority Of The Units Renovated. Offering 6 Parking Spots And Much More. This Turn-Key Multiplex Won't Last Long. Extensive Renovations Include Roof Replacement In 2019, Most Windows And Entrance Doors Replaced, Upgraded Electricals And Fire Alarms, Major Plumbing Upgrades, Main Water Line, New Meter Upgrade, 3 New Furnaces, 2 New A/C Units, Legal Conversion Of 2 Commercial Units To Residential Units Along With Additional Renovations To The Majority Of Units. This Property Is Being Sold With 583 King St.

MLS#

X5880755

Property Taxes

Condo Fees

Basement

Full | Unfinished

Front Facing

Year Built

Type

Multiplex

Bedrooms

9 Full | 1 Partial

Bathrooms

7 Full

Parking Spots

6 Total

Parking Types

None | Driveway

Floor

Storeys (Above Ground)

Two

Outdoor Area

Fencing

Balcony

Pool

External Material

Brick | Vinyl Siding

Roof Type

Lot Frontage

39.0 ft

Lot Depth

132.3 ft

Internal Area (Above Ground)

4,250 sqft

Cooling System

Heating System

Forced Air

Laundry

Has Fireplace

Flooring

See more home facts

Property history

‌

to see past and attempted sales

Location & area

583-585 King St | Cordage

Demographics

Population

2,176

Population change

1.0%

Density (per km²)

2,347.1

Ownership type

Age

Family type

Commute time

Schools nearby

St Mary Catholic Elementary School

120 Plymouth Rd Welland Ontario L3B3C7

Preschool - Middle

Grade Pre-K - 8

10 min walk • 0.5km away

Plymouth Public School

111 First St Welland Ontario L3B4S1

Preschool - Middle

Grade Pre-K - 8

14 min walk • 0.7km away

St Augustine Catholic Elementary School

300 Santone Ave Welland Ontario L3C2J8

Preschool - Middle

Grade Pre-K - 8

26 min walk • 1.4km away

École élémentaire Franco-Niagara

101 Afton Av Welland Ontario L3B1W1

Preschool - Elementary

Grade Pre-K - 5

26 min walk • 1.4km away

Diamond Trail Public School

315 Southworth Street Welland Ontario L3B1Z8

Preschool - Middle

Grade Pre-K - 8

27 min walk • 1.4km away

ÉÉC Saint-François-d'Assise

58 Empress Avenue Welland Ontario L3B1K9

Preschool - Middle

Grade Pre-K - 8

31 min walk • 1.7km away

Princess Elizabeth Public School

330 Scholfield Ave S Welland Ontario L3B1P2

Preschool - Middle

Grade Pre-K - 8

32 min walk • 1.7km away

Pope Francis Catholic Secondary School

8 Merritt Island Welland Ontario L3B3E9

Middle - Secondary

Grade 6 - 12

38 min walk • 2.0km away

Pope Francis Catholic Elementary School

8 Merritt Island Welland Ontario L3B3E9

Kindergarten - Middle

Grade JK - 8

38 min walk • 2.0km away

Fitch Street Public School

164 Fitch St Welland Ontario L3C4V5

Preschool - Middle

Grade Pre-K - 8

39 min walk • 2.1km away

Show private schools

Welland Christian Academy

109 Chaffey Street Welland Ontario L3B2Y6

Elementary - Secondary

Grade 1 - 12

16 min walk • 0.8km away

Fullbright Academy

738 Lyons Creek Road Welland Ontario L3B5N4

Middle - Secondary

Grade 6 - 12

111 min walk • 5.9km away

Maple Crest Early School Ltd.

49 Highway 20 West Fonthill Ontario L0S1E0

Elementary - Middle

Grade 1 - 8

150 min walk • 8.0km away

Listing brokerage

MLS® Listing

X5880755

Brokerage

TESA REAL ESTATE INC., BROKERAGE

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