Address
192 Burgar Street, Welland, ON
Price
$ 799,850
Property Attributes
  • MLS#X13667532
  • TypeCommercial
  • Listing Status New
  • CityWelland
  • Area768 - Welland Downtown
  • Neighbourhood768 - Welland Downtown
  • Postal CodeL3B 2T4
  • StyleApts - 2 To 5 Units
  • Taxes$ 6827
  • Price$ 799,850
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6536
Data Source:
Toronto Real Estate Board (TRREB)
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 8.00% 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. 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 History
8/12/2026 Listed $799,850

General Features

Sewer Sanitary+Storm Available
Cooling Partial
Utilities Available
Heater Type Radiant
Parking Spaces 5
Property Subtype Investment
Tax Year 2025
Lot Depth 155.0
Business Type Apts - 2 To 5 Units
Community Features Public Transit
County Niagara
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Welland
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 6827.0
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Legal Description PT BLK Y PL 564 AS IN RO711989 ; WELLAND

Interior Features

Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 6
Elevator? No
Bedrooms 6

Exterior Features

Garage Type Lane
Spa No
Building Area Total 6536.0
Lot Size Source GeoWarehouse
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in L3B 2T4

Price
AVG $800K
$800K
Taxes
AVG $6,827
$6,827
Visits
AVG 18
16
Data Provided by Inside Real Estate®