ON > Welland > 768 - Welland Downtown
Welland, ON L3B 2T4,192 BURGAR ST
Welland, ON L3B 2T4,192 BURGAR ST
Welland, ON L3B 2T4,192 BURGAR ST
Welland, ON L3B 2T4,192 BURGAR ST
Welland, ON L3B 2T4,192 BURGAR ST
Welland, ON L3B 2T4,192 BURGAR ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 949,850
Est. payment | /mo

6 Beds

6,536 SqFt

Save
$ 949,850
Est. payment | /mo
Save

6 Beds

6,536 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 6,536 sqft

Price per Sqft $145

Subdivision 768 - Welland Downtown

MLS Listing ID X12060579

Bedrooms 6

Annual Tax Amount $6,308

Tax Year 2024

Property Sub-Type Investment

Property Description

Calling all savvy investors!! 5-Plex with ability to add more units or use the existing autoshop with hoist!! Potential 6.28% cap rate if tenant leases the autoshop, 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.

Location

Province ON

County Niagara

Community 768 - Welland Downtown

Area Niagara

Rooms

Kitchen 0

Interior

Cooling Partial

Exterior

Community Features Public Transit

Utilities Available Available

Lot Frontage 45.75

Lot Depth 155.0

Building

New Construction false

Listed by ROYAL LEPAGE NRC REALTY
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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