192 Burgar Street
Welland, ON
- 6 bed
- 6,536 sqft
- Investment
- 320 days on market
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.
Listing Details
- Taxes (2025)
- $6,827
- Originally Listed
- $877,000
- Listed
- October 27, 2025
Price History
Listing history
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Property
- Lot Size
- 45.75 x 155 Feet
Parking
- Garage
- Lane
Utilities
- Sewer
- Sanitary+Storm Available
Location & Legal
- Cross Street
- Corner of Hagar St and Burgar St.
- Zoning
- RL2
- Parcel Number
- 641100002
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- 5 Stoves, 5 Fridges in as is condition. Coin-Operated Washer and Dryer.
Community
Postal area L3B
- Population
- 25,869
- Private dwellings
- 11,617
- Median age
- 43.2
- Average household size
- 2.3
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Welland · last 12 months
- Median sold price
- $530,000
- Homes sold
- 755
- Median days on market
- 33
- Sale-to-list price
- 96.2%
Based on 755 recorded sales of commercial properties in Welland over the last 12 months.
Listed by
ROYAL LEPAGE NRC REALTY
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 6,536 sq ft
- Price per sq ft
- $122.38
- Annual property tax
- $6,827
- Tax per sq ft
- $1.04
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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