4 Bedroom
3 Bathroom
2195
2 Level
Fireplace
Central Air Conditioning
Waterfront On Canal
$639,000
Don’t miss this rare opportunity to back onto the beautiful, treed property of 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 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:50705)
Property Details
|
MLS® Number
|
40483911 |
|
Property Type
|
Single Family |
|
Community Features
|
School Bus |
|
Features
|
Sump Pump, In-law Suite |
|
Parking Space Total
|
8 |
|
Structure
|
Shed |
|
Water Front Name
|
Welland Canal |
|
Water Front Type
|
Waterfront On Canal |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
4 |
|
Bedrooms Total
|
4 |
|
Appliances
|
Dishwasher, Dryer, Microwave, Washer, Microwave Built-in, Hood Fan |
|
Architectural Style
|
2 Level |
|
Basement Development
|
Partially Finished |
|
Basement Type
|
Partial (partially Finished) |
|
Construction Material
|
Wood Frame |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Stucco, Vinyl Siding, Wood, Steel |
|
Fire Protection
|
Smoke Detectors |
|
Fireplace Present
|
Yes |
|
Fireplace Total
|
1 |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Stories Total
|
2 |
|
Size Interior
|
2195 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Access Type
|
Road Access |
|
Acreage
|
No |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
65 Ft |
|
Size Frontage
|
120 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
R1 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Bedroom |
|
|
11'3'' x 9'3'' |
|
Second Level |
Bedroom |
|
|
11'3'' x 10'3'' |
|
Second Level |
4pc Bathroom |
|
|
Measurements not available |
|
Second Level |
Kitchen |
|
|
12'9'' x 12'0'' |
|
Second Level |
Living Room |
|
|
16'8'' x 16'2'' |
|
Basement |
3pc Bathroom |
|
|
Measurements not available |
|
Basement |
Bonus Room |
|
|
13'2'' x 7'9'' |
|
Main Level |
Laundry Room |
|
|
10'5'' x 5'8'' |
|
Main Level |
Kitchen |
|
|
8'11'' x 5'5'' |
|
Main Level |
Living Room |
|
|
11'2'' x 11'2'' |
|
Main Level |
4pc Bathroom |
|
|
Measurements not available |
|
Main Level |
Bedroom |
|
|
10'3'' x 9'3'' |
|
Main Level |
Primary Bedroom |
|
|
13'8'' x 11'7'' |
|
Main Level |
Eat In Kitchen |
|
|
12'6'' x 11'3'' |
|
Main Level |
Living Room |
|
|
20'6'' x 17'3'' |
https://www.realtor.ca/real-estate/26059600/9-kingsway-street-welland
