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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
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
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RL2
RL2
  • Listing ID: 33932472

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 192-194 Burgar St, Welland, ON L3B 2T4

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