79 Burgar Street, Welland (Welland Downtown), ON L3B2S9
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Listing Type
Multi Family
Listing Status
active
38
$699,900
Home Details for 79 Burgar Street
Price
$699,900
Type
Residential Income
Bedrooms
7
Bathrooms
3.0
Square feet
NaN
Parking
Detached
Days on site
77
Listing #
X12267854
Property Description
Attention investors! This turnkey triplex in Welland offers exceptional income potential with market rents and minimal vacancy risk. The property features three large, well-maintained units, each with private entrances and separate hydro meters for tenant convenience. Grossing $5,266/month ($63,192 yearly) and a Cap Rate of 7.45%. Additional income from coin-operated laundry. Features Include an excellent location close to schools, shopping, and transit. Ample parking. Separate hydro meters for all units. Updated interiors and well-maintained exterior. Coach house offers unique appeal with garage space. This property is a fantastic addition to any real estate portfolio with solid cash flow and future growth potential. (id:31684)
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Market statistics compiled from data from Canadian Real Estate Association.