42 Riverside Drive

SoldWellandMLS® X8314396
Sign in to view sold price
Bedrooms6
Bathrooms4
Interior2,000 sq ft
TypeMulti-Family
ListingFor Sale

About this property

Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr!

Features & finishes

View
Air Conditioning
Basement

Property details

MLS® NumberX8314396
StatusSold
Listing TypeFor Sale
Property TypeMulti-Family
Interior Size2,000 sq ft
Beds / Baths6 bed · 4 bath
CityWelland
Postal CodeL3C 5E2
ProvinceON
Listed DateMarch 25, 2026
BrokerageREVEL REALTY INC.

Location

Similar Properties Nearby

Photo of 20 Nottingham CourtJust Listed
$434,900
20 Nottingham Court
Welland · 3 bed · 2 bath · Semi-Detached

Sold Properties Nearby

Sign in to reveal recent sold prices in this area.

Listed by REVEL REALTY INC.