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192 Burgar Street
768 - Welland Downtown Welland L3B 2T4

$799,850 /For Sale
Commercial

Main Photo: 192 Burgar Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13667532
Photo 1: 192 Burgar Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13667532
Photo 2: 192 Burgar Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13667532
Photo 3: 192 Burgar Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13667532
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Photo 20: 192 Burgar Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13667532
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13667532
Bus Major:
Apts - 2 To 5 Units
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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
6536 sq. ft. Square Feet
Total Area:
6,536 sq. ft.
Lot Depth:
155'
Lot Frontage:
45'9"
Lot Shape:
Rectangular
Lot Details:
155 x 45.75
Bedrooms:
6
Water supply:
Municipal
Kitchens:
0
Zoning:
RL2
Heating type:
Radiant
Cooling:
No
New Construction:
No
Garage:
Lane
Parking Spaces:
5
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$6,827 / 2025
Assessment:
$- / -
Niagara
Welland
768 - Welland Downtown
Public Transit
5 Stoves, 5 Fridges in as is condition. Coin-Operated Washer and Dryer.
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Sanitary+Storm Available
Air Conditioning:
Partial
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Franchise:
No
Date Listed:
Aug 12, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE NRC REALTY
Data was last updated August 12, 2026 at 10:15 PM (UTC)
DARYL  KING
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Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.