$999,850 FOR SALE

Investment

Lot: 45.75 x 155 ftTotal Area: 6,536 ft2
2024 Taxes: $6,308.31

192/194 BURGAR St
Welland, ON L3B 2T4 | 768 - Welland Downtown | Niagara

Calling all savvy investors!! 5-Plex with ability to add more units or use the existing autoshop with hoist!! 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. Room measurements for all units available upon request. 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.

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Listed By ROYAL LEPAGE NRC REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9414435
Last Updated Dec 06, 2024
Property Summary
Property Type Investment

More like this:
PIN 641100002
Legal Description PT BLK Y PL 564 AS IN RO711989 ; WELLAND
Occupancy Tenant
Possession Date Flexible
Taxes (2024) $6,308.31
Assessment (2024) $359,000
Directions/Cross Streets Corner of Hagar St and Burgar St.
Neighbourhood 768 - Welland Downtown
Area Niagara
Price History
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Detailed Information
Bathrooms 6
Lot 45.75 x 155 ft
Total Area 6,536 ft2
Air Conditioning None
Basement Y
Garage Type Lane
Parking Spaces 5
Heat Type Radiant
Heat Expenses $4,528
Other Expenses $100
Area Influences Public Transit
Sewers Sewers
Water Municipal
Zoning RL2
Seller Property Info Statement N

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