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$ 877,000
Est. payment /mo
New
192 Burgar ST Niagara, ON L3B 2T4
6 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 768 - Welland Downtown
MLS Listing ID X12486331
Style 2-Storey
Bedrooms 6
Annual Tax Amount $6,827
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Niagara
Community 768 - Welland Downtown
Area Niagara
Rooms
Family Room No
Basement Full
Kitchen 5
Interior
Interior Features Sump Pump
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Metal
Lot Frontage 45.75
Lot Depth 155.0
Total Parking Spaces 8
Building
Building Age 100+
Foundation Concrete Block
Others
ParcelsYN Yes
Listed by ROYAL LEPAGE NRC REALTY