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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

6 Beds

5 Baths

Save

Est. payment | -/mo

Save

6 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 768 - Welland Downtown

MLS Listing ID X12486331

Style 2-Storey

Bedrooms 6

Annual Tax Amount $6,827

Tax Year 2025

Property Sub-Type Multiplex

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% 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.

Location

Province ON

County Niagara

Area Niagara

Zoning RL2

Rooms

Family Room No

Basement Full

Kitchen 5

Interior

Interior Features Sump Pump

Cooling Wall Unit(s)

Inclusions 5 Stoves, 5 Fridges in as is condition. Coin-Operated Washer and Dryer.

Exterior

Pool None

Roof Type Metal

Lot Frontage 45.75

Lot Depth 155.0

Total Parking Spaces 8

Building

Building Age 100+

Foundation Concrete Block

Others

Senior Community No

ParcelsYN Yes

Listed by ROYAL LEPAGE NRC REALTY

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192 Burgar ST Welland, ON L3B 2T4