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192 Burgar Street, Welland, ON L3B 2T4, Welland, Ontario

detached · 6 bed · MLS® X12486331

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$877,000

MLS# X12486331

192 Burgar Street, Welland, ON L3B 2T4

Welland, Ontario L3B 2T4

6

Bedrooms

Bathrooms

0

Sq Ft

0

Year Built

New Listing· Listed null days on market
About This Property

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 6.80% 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. 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.

Property Details

Property Type

Detached Home

Year Built

N/A

Lot Size

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Garage

N/A

Basement

N/A

Heating

N/A

Cooling

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Parking Spaces

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Location

Map View

192 Burgar Street, Welland, ON L3B 2T4, Welland, Ontario

About 192 Burgar Street, Welland, ON L3B 2T4

This Detached Home at 192 Burgar Street, Welland, ON L3B 2T4 is listed for sale in Welland, Ontario at $877,000.

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Welland is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this detached home represents a compelling opportunity in Welland's real estate market.

MLS® number X12486331. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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Mortgage Calculator

$877,000

20% ($175,400)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$4,308

*Principal & Interest only. Does not include taxes or insurance.

Principal$701,600
Total Interest$590,931
Total Cost$1,467,931
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
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