62 Burgar Street, Welland (Welland Downtown) - Business for Sale
62 Burgar Street, Welland (Welland Downtown), Ontario, L3B2S8
This business in Welland is for sale. It has been on the market 37 days, fresher than the Welland average of 87 days.
Description
Turnkey Legal Duplex! This turnkey property is in a prime downtown location close to the bus terminal, farmers market, Merritt Island, and the many amenities Welland's revived downtown has to offer. With long term tenants paying market rent and all utility bills this is a true money maker for the buy and hold investor. The larger front unit has 4 bedrooms, 2 full bathrooms, a finished loft, and a partially finished basement. The back unit is two stories and has 2 bedrooms and 1 bathroom. It has separate furnaces, gas and hydro meters. Tenants are currently month-to-month. (id:66096)
Property Details
- MLS®
- X13843562
- Property Type
- Business
- Zoning
- RL2
- Parking
- 3
- Lot Size
- 5,663 sq ft (0.13 ac)
- Frontage
- 47 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $2,244/yr
- Listed
- 37 days ago
Features
- Appliances
- Dishwasher, Dryer, Microwave, Two Washers
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 37 days on market, against an average age of 87 days across the listings currently for sale in this city
This business in Welland (Welland Downtown) has been listed for 37 days, which is 50 days fresher than the city average of 87. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L3B)
This home lists at $629,900, about 9.5× the local median household income of $66,500.
Carrying it typically needs a household income of about $123,042 (20% down, 25-yr amortization, stress-tested) — roughly 85% above the area median.
- Median household income
- $66,500
- Population
- 25,869
- Median age
- 43.2
- Owner / renter
- 66% / 35%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L3B)
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$629,900
Welland