For Sale: 192 Burgar Street, Welland, ON - REW
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$849,850
6 bd ba 6536 sf Multifamily

192 Burgar StreetWelland, ON, L3B 2T4

  • 6 Bed
  • Bath
  • 6536 Sqft
  • Multifamily

About this home

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 7.02% 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. (id:63626)
Listed by: Jeff Collins, Salesperson, ROYAL LEPAGE NRC REALTY

Home facts and features

Price details
List Price
Gross Taxes for 2025
$6,827
Home facts
Bedrooms
6
Full Bathrooms
Parking Spaces
5
Property Type
Multifamily
Depth
155 feet
Frontage
45.9 feet
Heating Type
Radiant heat
Cooling
Partially air conditioned
Appliances
Dryer, Washer
Agent details
Primary Agent
Jeff Collins
Primary Broker
ROYAL LEPAGE NRC REALTY
Listing details
Days on REW
195 Days
Property Views
32
MLS® Number
X12486330
Source
Canadian Real Estate Association
Board
Niagara Association of REALTORS®
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Plymouth Public School
  • Public
  • JK - 8
DSBN Academy
  • Public
  • 6 - 12
St Mary Catholic Elementary School
  • Catholic
  • JK - 8
Princess Elizabeth Public School
  • Public
  • JK - 8
É Élém Champlain
  • Public
  • JK - 6
ÉÉC Saint-François-d'Assise
  • Catholic
  • JK - 8
St Andrew Catholic Elementary School
  • Catholic
  • JK - 8
Confédération
  • Public
  • 7 - 12
Collège Notre-Dame
  • Catholic
  • 9 - 12
Notre Dame College School
  • Catholic
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-08.