14 Asher Street

Nestled in the heart of Welland, at 14 Asher Street, this remarkable Multi-Family Home for sale in Welland presents a unique opportunity for savvy investors and renovators alike. This four-plex apartment building, currently under power of sale, is situated on an oversized lot measuring 70 x 138 feet, making it an enticing prospect for redevelopment. With its prime location in the community of 768 - Welland Downtown, this property is not just a home but a gateway to potential growth and transformation.

The building itself is a two-storey multiplex, clad in durable aluminium siding, and boasts a total of 16 rooms, including an impressive eight bedrooms and four bathrooms. Each of the four self-contained units comes with its own kitchen, offering a total of four kitchens to cater to the needs of future tenants. Although the property is currently unfurnished and lacks a central vacuum system, it is equipped with window air conditioning units to ensure comfort during the warmer months.

One of the standout features of this Multi-Family Home for sale in Welland is its redevelopment potential. The City of Welland has already granted approval for a minor variance that supports a 30-unit mid-rise development, which would consist of 30 residential units with surface parking. This approval, obtained in 2023, opens the door for significant investment opportunities, whether you choose to renovate the existing units or embark on a larger-scale development project. The zoning of RM - Medium Density Residential allows for various development possibilities, making this property a versatile choice for those looking to make their mark in the Niagara area.

Despite its current vacant status, the existing building has separate metering for each unit, which is a significant advantage for future rental income. The lack of a family room, garage, or pool may seem like drawbacks at first glance, but they provide a blank canvas for creative renovations. The unfinished basement offers additional potential for expansion or storage, while the municipal water and sewer services ensure that the property is well-connected to essential utilities.

Parking is another plus, with space for up to five vehicles, making it convenient for tenants and visitors alike. While there is no driveway, the ample parking space allows for easy access to the property. The absence of a fireplace may be noted, but the focus here is on the incredible potential for transformation and growth that this Multi-Family Home for sale in Welland offers.

The age of the building, ranging between 51 to 99 years, adds character and history to the property, while the oversized lot provides room for creative landscaping or outdoor amenities, should you choose to enhance the exterior. With the bustling community of Welland Downtown just a stone's throw away, residents will enjoy easy access to local shops, restaurants, and amenities, making this location even more desirable.

In summary, 14 Asher Street, Welland, is not just a property; it's an investment opportunity waiting to be seized. With its significant redevelopment potential, spacious layout, and prime location, this Multi-Family Home for sale in Welland is a must-see for anyone looking to make a smart investment in the Niagara area. Don’t miss out on this chance to turn your vision into reality—explore the possibilities that await at this exceptional address today!

Welland Downtown, located in the heart of Welland, Ontario, is a vibrant and historic area that offers a unique blend of urban charm and small-town warmth. Characterised by its picturesque streets lined with quaint shops, local eateries, and cultural landmarks, this community provides a welcoming atmosphere for residents and visitors alike. The downtown area is also home to various parks and recreational spaces, making it an ideal spot for outdoor enthusiasts. With a rich history and a commitment to revitalisation, Welland Downtown is not just a place to live, but a community that fosters connection and engagement, all while being conveniently situated near essential amenities and services.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Plymouth Public School, an elementary school rated 4.9, just 0.7 km away, and St. Mary Catholic Elementary School, rated 2.6, located 0.8 km from the property. For older students, Eastdale Secondary School, which boasts an impressive rating of 5.2, is only 1.7 km away, while Notre Dame College School offers a Catholic secondary education with a rating of 6.2, situated 1.4 km from the home. Additionally, Princess Elizabeth Public School, a French-language elementary school with a commendable rating of 7, is 1.2 km away. Lastly, Alexander Kuska Catholic Elementary School, also offering French instruction, is located 3.9 km from the property. With a mix of public and Catholic schools available, parents will have a variety of educational options to choose from, ensuring a quality education for their children in a supportive community.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 536 residents, with an average household size of 2.6. The community has a median age of 44.6 years, indicating a mature population. The average household income stands at $76,500, with 16% of residents classified as low-income. The real estate market reflects an average property price of $365,000, appealing to a diverse range of buyers. Notably, a significant portion of the population is single, comprising 54.02%, while 36% of households include children, suggesting a family-friendly environment. The area has a modest immigrant presence at 4.81%, and 31.43% of the population are renters, indicating a balanced mix of ownership and rental opportunities. There are no condominiums reported in the area, which may influence housing options. Educational attainment is relatively high, with 41.98% of residents holding a college or university degree. However, the same percentage is not in the labor force, which could reflect various factors including retirement or other commitments. Overall, this community presents a unique blend of demographics, making it an intriguing option for potential buyers or investors.