About this property

Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X11993763
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	3,500 sq ft
Lot Size	16,584 sq ft
Beds / Baths	9 bed · 5 bath
City	Welland
Postal Code	L3B 4R9
Province	ON
Listed Date	March 3, 2026
Brokerage	COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE