192 BURGAR STREET
Welland (Welland Downtown), Ontario
MLS® X13667526
$799,850
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13667526
- Bedrooms
- 6
- Bathrooms
- 5
- Year built
- —
1 / 20Listing description
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.
Property summary
- MLS® number
- X13667526
- Property type
- Multi-family
- Building type
- Other
- Land size
- 45.8 x 155 FT
- Annual property taxes
- $6,827.00
- Parking
- 8 spaces · No Garage
- Days on market
- 36 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- Wall unit
- Basement
- Full
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Brick
- Lot features
- Sump Pump
What would this home cost you?
Based on the $799,850 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE NRC REALTY, FONTHILL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.