More Photos

×

    For Sale - 192 Burgar Street, Welland, Ontario

    Est payment $3,841/mo
    Get pre-qualified
    Views   3
    Time on Jump  52 day

    AI Summary *

    • Invest in a 5-plex with potential to add extra units or retain an autoshop.
    • Cap rate could reach 8% with autoshop rental; a great income opportunity.
    • Spacious, mostly renovated apartments with high ceilings and individual metering.
    • Large waterproofed basement offers additional use or storage rental potential.
    • Metal roof means no upkeep; building designed for long-term efficiency.




    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 8. 00% 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 IDX13667532
    Address192 Burgar Street
    CityWelland, Ontario
    Price$799,850
    Bed6
    StyleInvestment
    Land Size7125
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling RadiantSewer Sanitary+Storm Available

    ASAP

    Sun

    4

    Oct

    Mon

    5

    Oct

    Tue

    6

    Oct

    Wed

    7

    Oct

    Thu

    8

    Oct

    Fri

    9

    Oct

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    Sun

    1

    Nov

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    30 Galloway Trail
    Welland, Ontario.
    2 Beds | 2 Baths
    $774,900
    398 Aqueduct Street
    Welland, Ontario.
    5 Beds | 3 Baths
    $759,900
    88 Summerlea Avenue
    Welland, Ontario.
    3 Beds | 2 Baths
    $699,000
    110 Stoneybrook Crescent
    Welland, Ontario.
    4 Beds | 4 Baths
    $861,496
    214 Cardinal Crescent
    Welland, Ontario.
    3 Beds | 4 Baths
    $865,000
    53 Carrick Trail
    Welland, Ontario.
    2 Beds | 2 Baths
    $809,000
    75 Jackson Court
    Welland, Ontario.
    3 Beds | 4 Baths
    $699,900
    166 Aviron Crescent
    Welland, Ontario.
    4 Beds | 4 Baths
    $879,900
    255 Empress Avenue
    Welland, Ontario.
    3 Beds | 3 Baths
    $684,900
    Loading...
    192 Burgar Street
    Welland , Ontario
    6 $799,850
    Get more info