$877,000
5.64 BTC
Photos
Map
192 Burgar Street, Welland
$877,000
PRICE
6
BEDROOMS
5
BATHROOMS
X12486331
MLSID

192 Burgar Street, Welland

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.
Read Full Description
View Property
Ask a Question

Summary

Address
192 Burgar Street
MLSID
X12486331
Property Type
Multiplex
Property Category
Bedrooms
6
Bathrooms
5
Kitchens
5
Zoning
RL2
Taxes (Annual)
$6,827.00
Tax Year
2025
Published
October 28, 2025
Days on Market
1 Days
Possession Type
Flexible
Possession Details
Flexible
View Property
Ask a Question

Inclusions

5 Stoves, 5 Fridges in as is condition. Coin-Operated Washer and Dryer.

Details

Bathroom 1
4-Piece Second Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Second Level
Bathroom 4
4-Piece Main Level
Bathroom 5
4-Piece Main Level
Basement
Full
Interior Features
Sump Pump
Parking Spaces
4
Parking Total
8
Architectural Style
2-Storey
Roof
Metal
Construction Materials
Brick
Lot Size
0
Lot Width
46 Acres
Lot Depth
155 Acres
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
View Property
Ask a Question

Similar Listings

Listing Contracted with ROYAL LEPAGE NRC REALTY
View Property
Ask a Question
View Property
Ask a Question
Appointment Date & Time
Date
Time
Send
Cancel
Thank you for your Inquiry!
Your message has been received, one of our represetatives will be in touch with you shortly.
Close