62 Burgar Street, Welland (Welland Downtown), Ontario, L3B2S8




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$629,900
Welland
This multi-family property in Welland is for sale offering roughly 2,750 sq ft of space. It has been on the market 36 days, fresher than the Welland average of 87 days.
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)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 36 days on market, against an average age of 87 days across the listings currently for sale in this city
This 6-bed multi-family in Welland (Welland Downtown) has been listed for 36 days, which is 51 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA L3B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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