198 Burgar Street Welland, Ontario L3B 2T4
$1,099,900
Like the famous Eminem once said! if you had one shot, or one opportunity To seize everything you ever wanted, in one moment Would you capture it, or just let it slip? Now that's Up to you! This Turn Key 7 Unit apartment building with a 6.6 % Cap Rate with room for growth in revenues features spacious apartments and mostly renovated throughout. Each unit offers well layed out floor plan with many updates including kitchens, windows, flooring in some units, individually metered units for Hydro, Coin Laundry on Site, Updated Boiler System in 2017 and all units have been plumbed with a manifold to ensure simplicity when any work is required. All units have own panel box in their units. Building also offers interconnected smoke alarms in common areas, some storage areas and a wheelchair accessible lift at back of building. Basement is very large and offers potential for personal use or can add additional storage lockers to tenants for an additional income stream of rent out basement separately for storage and add to the NOI (Net Operating Income) (id:26105)
Property Details
| MLS® Number | 40371684 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit |
| Communication Type | High Speed Internet |
| Features | Laundry- Coin Operated |
| Parking Space Total | 6 |
Building
| Bathroom Total | 7 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Fireplace Present | No |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Interior | 5700 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 45 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rl2 |
Utilities
| Natural Gas | Available |
https://www.realtor.ca/real-estate/25234286/198-burgar-street-welland
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Niagara Association of REALTORS®
Coldwell Banker Advantage Real Estate Inc, Brokera
March 06 2023 03:52:42
