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    For Sale - 192 Burgar Street, Welland, Ontario

    Est payment $4,081/mo
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    Views   2
    Time on Jump  200 day

    AI Summary *

    • 5-plex with options to add more units or use an existing autoshop.
    • Opportunity for high cap rate with potential tenant leases or rental income.
    • Low maintenance building with a durable metal roof installed.
    • Spacious units with high ceilings and independent hydro metering.
    • Waterproofed basement offers storage potential or additional revenue opportunities.




    Phase one environmental full report available. (summary in attachments) no further investigation required so good to go for financing!!! Calling all savvy investors!! 5-plex with ability to add more units or use the existing autoshop with hoist!! Now with a potential 7. 02% cap rate if tenant leases the autoshop or woodshop for only $1500. 00 a month, office and basement. Could also use rental income from residential units to have a free autoshop and make a very lucrative business. Entire building has a metal roof so no up-keep needed. Shop can easily be turned into 3 more units at least or can add revenue by renting out as a shop with office space and a two piece bathroom. Current 5 unit apartment building with spacious apartments and mostly renovated throughout. All 6 hot water heaters are owned and replaced in 2022. No interior photos of units as per tenants request. Each unit is spacious and offers nice floor plan with high ceilings on main floor. Individually metered units for hydro, coin laundry on site. All units have own panel box in their units. Building also offers interconnected smoke alarms in common areas. Basement is very large and was waterproofed from the inside fully by wisecracks 2010, and offers potential for personal use or can add additional storage lockers to tenants for an additional income stream or rent out basement separately for storage and add to the noi (net operating income). Showings will only be wednesday from 11 - 7 and saturday 12 - 5 with listing agent present.
    Listing IDX12486331
    Address192 Burgar Street
    CityWelland, Ontario
    Price$849,850
    Bed / Bath6 / 5 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    Land Size0.16
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Sump PumpOwnership FreeholdBasement FullFoundation Concrete BlockHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 8.00
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    Listing Agency:  ROYAL LEPAGE NRC REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    192 Burgar Street
    Welland , Ontario
    6 5 $849,850
    Get more info