192 Burgar Street, Welland, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of 768 - Welland Downtown. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,850 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.
- 6 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 45.75 x 155 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Sump Pump
- equipped with wall unit(s) central cooling and highly efficient radiant heating via gas
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% 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.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 192 Burgar Street, Welland, ON L3B 2T4
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About Purchasing a Home in Welland, ON
For a property listed at $799,850 in Welland, the legal minimum down payment is $54,985 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 $12,472 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 $12,472.
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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.