REMARKS FOR CLIENTS Unique Investment Opportunity - Legal 4-Unit Property on the Welland. Incredible opportunity to own a legal four-unit property located directly on the scenic Welland River. This versatile multi-family property features: Three 1-bedroom units One bachelor unit. Projected Gross Income: Approximately $4,200/month or $81,000 annually. This fourplex offers an exceptional opportunity for steady rental income and long-term appreciation. Ideally suited for young investors seeking reliable cash flow. it combines strong income potential with future growth prospects.
Address
42 Riverside Drive
List Price
$629,999
MLS® Status
New
Expiration Date
2026-06-19
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Welland
Sub-Area
772 - Broadway
Region
Niagara
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
10
Bathrooms
4
Floor Area
2000-2500 Sq. Ft.
Lot Depth
67
Lot Size Units
Feet
Lot Width
45
Occupant Type
Tenant
Cross Street
Main Street East & price Charles Drive North
MLS® Number
X12987370
Listing Brokerage
HOMELIFE G1 REALTY INC.
Basement Area
Other
Postal Code
L3C 5E2
Posession Details
Flexible
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$4,906.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 1 PL 959 , PT LT 28 CON 5 CROWLAND , AS IN RO716998 ; WELLAND
Waterfront
No
Sewer
Sewer
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