Multifamily in Welland available for sale
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Apartment Buildings for Sale in Welland

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Welland Apartment Building for Sale

More details for 192-194 Burgar St, Welland, ON - Multifamily for Sale

192-194 Burgar St

Welland, ON L3B 2T4

  • Multifamily for Sale
  • $949,850 CAD
  • 6,536 SF
  • Controlled Access
  • Kitchen

Welland Multifamily for Sale - Southern GGH

Calling all savvy investors!! 5-Plex with ability to add more units or use the existing autoshop with hoist!! 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. Room measurements for all units available upon request. 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.

Contact:

Royal LePage NRC Realty

Property Subtype:

Apartment

Date on Market:

2024-11-20
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LoopNet Canada Ontario Apartment Buildings For Sale in Welland, ON, Canada

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Apartment Buildings for Sale in Welland

View All Available Listings
How many apartment buildings are available for sale in Welland?
There are currently 2 apartment buildings available for sale in Welland, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in Welland?
The average size of apartment buildings available for sale in Welland is about 5,456 SF. The largest apartment buildings available to buy is 6,536 SF and the smallest is 4,375 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for apartment buildings in Welland?
The average market cap rate for apartment buildings for sale is about 6.28% based on data provided in Welland. Learn more about how cap rates are calculated.
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