192-194 Burgar St - Apartments FOR SALE


Welland, ON L3B 2T4- Welland/Brookfield
$949,850 CAD
905-734-4545
192-194 Burgar St, Welland, ON for Sale
$949,850 CAD
Apartments - FOR SALE
1/5
null | 6.28% Cap Rate

192-194 Burgar St
Welland, ON L3B 2T4
Welland/Brookfield


HIGHLIGHTS

  • Coin Laundry on Site
  • Spacious Apartments
  • Large Basement

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$949,850 CAD

PRICE/SF

$145 CAD /SF

# OF UNITS

5

PRICE/UNIT

$189,970

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,282 SF

ZONING

RL2

APN/PARCEL ID

271904001107800

ASK ABOUT THIS PROPERTY

Jeff CollinsRoyal LePage NRC RealtyMore Info
905-734-4545

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Jeff CollinsRoyal LePage NRC RealtyMore Info
905-734-4545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.