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192 BURGAR STREET
Welland (Welland Downtown) Ontario , L3B2T4 , Canada
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Jeff Collins
Agent
Sales Representative
Phone: 905.734.4545
Cell: 905.788.7435
Home Fax:
905.714.7300
Toll Free:
866.771.7764

Royal LePage NRC Realty
Brokerage:
1815 Merrittville Highway #1
Fonthill, ON
L0S1E6
Phone: 905.892.0222
/jumplisting/rlp/images/logo/rlp_logo_sm.gif

$949,850.00
MLS® X12060579
Investment
Lot Frontage: 45.8 Feet
Lot Depth: 155.0 Feet
Lot Size: Bldg=45.75 x 155 FT
No. of Parking Spaces: 5
Floor Space (approx): 6536 Square Feet
Total Bedrooms: 6
Zoning: RL2
Remarks:
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. (id:27)

Property Features:
  • Amenities Nearby: Public Transit
  • Property Type: Multi-family
Building Features:
  • Appliances: Dryer , Stove , Washer , Refrigerator
  • Building Type: Multi-Family
  • Cooling Type: Partially air conditioned
  • Heating Type: Radiant heat

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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