179 Burgar Street, Welland, ON
Property no longer active
This property was sold on November 11, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of 768 - Welland Downtown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $469,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 50 x 152 ft lot size
- Notable attributes: None
Description
The Ultimate BRRR & Small-Scale Land Development Project. This Land is Approved to BUILD a 10-Unit Apartment Building. Modern & Efficient design boasting a potential 2500+ monthly CashFlow upon completion and lucrative net operating income(NOI). This project offers flexible profits - Build and Sell for Wind-Fall Profits or Build & hold for MASSIVE long-term cash flow. Inquire now for detailed floor plans and site elevations. Easily Finance this project with CMHC MLI program to take advantage of this lucrative program. Priced to sell quickly. You wont find a better deal for 10 units ready-to-build! Seller VTB available. Detailed financials and financing overview is available upon request.
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Property Summary
This vacant land located at 179 Burgar Street, Welland is currently for sale and has been available on SousaSells for 636 days. This property is listed at $469,900 with an estimated mortgage of $1,564* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 179 Burgar Street, Welland is in the 768 - Welland Downtown neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 179 Burgar Street, Welland, ON L3B 2T3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Welland, ON
For a property listed at $469,900 in Welland, the legal minimum down payment is $23,495 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,873 for this transaction. As this listing is in Welland (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,873.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.