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Price Change$500,000

24 Burgar Street

768 - Welland Downtown, Welland

$475,000

Detached|2-Storey
14 | 6 | 25
About this home

Prime Downtown Welland Mixed-Use Opportunity! Unlock the potential of 24 Burgar Street, a unique commercial property located in the heart of Downtown Welland. Zoned for **retail or office uses with residential unit(s) this property offers an excellent opportunity for an entrepreneur, investor, or owner-occupier looking to establish a business while benefiting from residential potential.The property is ideal for a buyer with vision who is looking for a renovation project and the opportunity to transform the space to suit their business and investment goals. Whether you envision a retail storefront, professional office, service-based business, or a mixed-use concept with residential accommodation, this property provides the flexibility and location to bring your ideas to life.Situated in a central downtown location, the property is close to local shops, restaurants, services, transit, and other amenities. Downtown Niagara Falls is approximately a 20-minute drive away, with St. Catharines, major highways, and other Niagara Region destinations also within easy reach.A compelling opportunity for investors and entrepreneurs seeking commercial space with residential potential in Downtown Welland. Bring your vision, creativity, and renovation plans and unlock the possibilities at 24 Burgar Street!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size5000 + sq. ft.
Property Tax$10,446
Lot Size91.88 ft x 165 ft
mls© NumberX13689242
Listed ByRE/MAX WEST REALTY INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,431
Property tax
$871
Heat allowance
$150
Housing costs
$3,452 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $95,000
25-yr amortization

Income needed

$106,000

gross annual household income

Payment at 4%
$1,999 / mo
Cash down
$95,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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