192-194 Burgar St
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192-194 Burgar St
5 Unit Apartment Building $999,850 CAD ($199,970 CAD/Unit) Welland, ON L3B 2T4
Investment Highlights
- Coin Laundry on Site
- Large Basement
- Spacious Apartments
Executive Summary
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.
Property Facts
Price | $999,850 CAD | Building Class | C |
Price Per Unit | $199,970 CAD | Lot Size | 0.19 AC |
Sale Type | Investment | Building Size | 6,536 SF |
No. Units | 5 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1965 |
Property Subtype | Apartment | Parking Ratio | 0.76/1,000 SF |
Apartment Style | Low Rise |
Price | $999,850 CAD |
Price Per Unit | $199,970 CAD |
Sale Type | Investment |
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.19 AC |
Building Size | 6,536 SF |
No. Stories | 2 |
Year Built | 1965 |
Parking Ratio | 0.76/1,000 SF |
Unit Amenities
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Walk-Up
- Smoke Detector
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Walk Score ®
Very Walkable (79)
zoning
Zoning Code | RL2 |
RL2 |
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192-194 Burgar St
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