Valeria Zhibareva
Broker
Re/Max Realty Enterptises Inc., Brokerage, Brokerage
Independently owned and operated.
1697 Lakeshore Rd W , Mississauga, Ontario L5J 1J4
Cell: 905-599-8574Office: 905-855-2200Fax: 905-855-2201
$949,850
Available - For Sale
Listing ID: X12060579
192 BURGAR Stre , Welland, L3B 2T4, Niagara
| 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. |
| Price | $949,850 |
| Taxes: | $6308.31 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy by: | Tenant |
| Address: | 192 BURGAR Stre , Welland, L3B 2T4, Niagara |
| Postal Code: | L3B 2T4 |
| Province/State: | Niagara |
| Legal Description: | PT BLK Y PL 564 AS IN RO711989 ; WELLAND |
| Directions/Cross Streets: | Corner of Hagar St and Burgar St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 6536.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Water Expense: | $3403 |
| Net Income Before Debt: | $59625 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary+Storm |
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| ROYAL LEPAGE NRC REALTY |
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Valeria Zhibareva
Broker
Dir:
905-599-8574
Bus:
905-855-2200
Fax:
905-855-2201
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 768 - Welland Downtown |
| Tax: | $6,308.31 |
| Fireplace: | N |
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