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192 BURGAR STREET, Welland (Welland Downtown) — listed at $799,850. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
Is there air conditioning?+
Yes — partially air conditioned cooling is in place.
What's the parking situation?+
This property includes 5 spaces.
Is 192 BURGAR STREET a good fit for a growing family?+
With 6 bedrooms (6536 sq ft), there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,827, heating is radiant heat. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is radiant heat. Ask for past utility bills to understand real heating costs.
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