192 Burgar Street, Welland, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Welland Downtown. Offering a sublime balance of structural integrity and modern aesthetic appeal, 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 0 Bathrooms
- Premium 45.75 x 155 ft lot size
- Convenient lane garage included
- equipped with partial central cooling and highly efficient radiant heating
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.
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Property Summary
This investment located at 192 Burgar Street, Welland is currently for sale and has been available on SousaSells for 17 days. This property is listed at $799,850 with an estimated mortgage of $2,662* per month. It has 6 beds, 0 bathrooms, and is unknown square feet. 192 Burgar Street, Welland is in the Welland Downtown neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 0 bathroom, this home offers ample space and comfort for growing families in Welland Downtown, Welland.
- •6 spacious bedroom layout offering versatile living space
- •Desirable Investment architecture in Welland Downtown, Welland
Growing families needing multi-bedroom flexibility and space in Welland Downtown, Welland.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
None listed
Community Features
- Public Transit
Frequently Asked Questions about 192 Burgar Street, Welland, ON
Q.What is the asking price for 192 Burgar Street, Welland, ON ?
The current listing price for 192 Burgar Street, Welland, ON in Welland Downtown, Welland is $799,850.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and null bathrooms.
Q.What property type and architectural style is 192 Burgar Street, Welland, ON ?
192 Burgar Street, Welland, ON is a Investment () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Public Transit.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Partial.
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Location
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Welland Downtown, Welland
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 192 Burgar Street, Welland, ON L3B 2T4
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 $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.
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