192 Burgar Street

Welcome to this remarkable opportunity: a Multi-Family Home for sale in Welland , located at 192 Burgar Street, Welland. This impressive multiplex, built over two storeys, boasts a solid brick exterior and is situated in the vibrant community of 768 - Welland Downtown. With its prime location at the corner of Hagar Street and Burgar Street, this property is not only a fantastic investment but also a comfortable living space for multiple families.

This Multi-Family Home for sale in Welland features an expansive layout with a total of 21 rooms, including six spacious bedrooms and five bathrooms. The design of the building allows for a variety of living arrangements, making it ideal for savvy investors looking to maximise their rental income. Each of the five residential units has been mostly renovated and offers a pleasant floor plan, complete with high ceilings on the main floor. The units are individually metered for hydro, ensuring that tenants only pay for what they use, which is a significant advantage for both residents and landlords alike.

At 192 Burgar Street, Welland, the property is equipped with five kitchens, allowing for convenience and flexibility in meal preparation. Additionally, there is a large basement that has been fully waterproofed by Wisecracks in 2010, providing ample space for personal use or the potential to create additional storage lockers for tenants, which could serve as an extra income stream. The basement could even be rented out separately for storage, contributing positively to the Net Operating Income (NOI).

One of the standout features of this Multi-Family Home for sale in Welland is the potential for further development. The current configuration includes a 5-plex, but there is the possibility to convert the existing autoshop, complete with a hoist, into at least three additional units. This flexibility could significantly enhance the property's profitability, with a potential cap rate of 6.80% if the autoshop or woodshop is leased for just £1,500 a month. The building's entire roof is made of metal, which means minimal upkeep is required, allowing you to focus on maximising your investment.

The property also offers practical amenities such as wall unit air conditioning and municipal water and sewer services. While there is no pool or garage space, there is ample parking available for up to four vehicles, making it convenient for residents and visitors alike. It's worth noting that the building is unfurnished, allowing new owners to personalise the space to their liking.

This Multi-Family Home for sale in Welland is a fantastic opportunity for those looking to invest in a property with significant income potential. The combination of spacious apartments, a well-maintained structure, and the possibility of expanding the number of units makes this a unique offering in the Niagara area.

Showings are available on Wednesdays from 11 am to 7 pm and Saturdays from 12 pm to 5 pm, with the listing agent present to guide you through this exceptional property. Don’t miss your chance to explore this Multi-Family Home for sale in Welland at 192 Burgar Street, Welland. Whether you’re an experienced investor or just starting out, this property presents a lucrative opportunity that should not be overlooked.

With its prime location, robust features, and potential for further development, 192 Burgar Street, Welland, is ready for you to take the next step in your investment journey. Reach out today to discover more about this exciting opportunity!

Welland Downtown, nestled in the heart of Welland, is a vibrant and inviting geographic area that seamlessly blends historical charm with modern conveniences. Characterised by its picturesque streets lined with quaint shops, cafes, and local eateries, this community offers a lively atmosphere perfect for leisurely strolls and social gatherings. The presence of well-maintained parks and recreational spaces enhances the area's appeal, making it ideal for families and individuals alike. With a rich cultural heritage and a strong sense of local identity, Welland Downtown provides residents with a unique sense of belonging while ensuring easy access to essential amenities and services. Whether you're drawn to its artistic vibe or the warmth of its community spirit, Welland Downtown promises a fulfilling lifestyle in a picturesque setting.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest is Plymouth Public School, just 0.6 km away, offering grades JK to 8 with an impressive rating of 4.9. Another excellent option is Princess Elizabeth Public School, located 0.9 km from the property, which provides French-language instruction for grades 1 to 8 and boasts a strong rating of 7. For secondary education, Eastdale Secondary School is only 1.5 km away, with a remarkable rating of 5.2, catering to grades 9 to 12. Additionally, St. Mary Catholic Elementary School and Notre Dame College School, both within a 1.5 km radius, offer Catholic education with ratings of 2.6 and 6.2, respectively. Families seeking a Catholic elementary option can also consider Alexander Kuska Catholic Elementary School, located 4.1 km away. Overall, the variety of nearby schools, including public and Catholic options, ensures that families have access to quality education in both English and French, catering to different preferences and needs.