216 Burgar Street Welland, Ontario L3B 2T4

$389,000

Enter the real estate market with this 2-bedroom, 1-bathroom bungalow – an updated and well maintained property that caters to first-time homebuyers and savvy investors alike. Offering an affordable price point, this home provides options! Step inside through the enclosed 96 sqft front porch, and you'll be welcomed into a spacious and well-lit living room with pot lights. One of the bedrooms is next to the living area while the second bedroom is next to the bathroom down a short hallway from the kitchen and dining room. From here, a convenient patio door connects you to a wooden deck, perfect for outdoor dining and relaxation. The unfinished 745 square foot basement is a money maker, with an ideal setup for a 1- or 2-bedroom rental unit that can significantly offset your mortgage expenses (estimated to generate $1,300 to $1,600 monthly). Accessible via a side door, the basement boasts a comfortable ceiling height of 6 feet 10 inches, rough-in plumbing for a bathroom and kitchen, and a separate hydro meter. You can choose to use this space as extra storage, create additional bedrooms or bathrooms, expand your family living space, or convert it into an interior accessory dwelling unit or duplex. Welland is a supportive city for such projects, making the possibilities here enticing. Sitting on a 38' x 110' lot, the property includes a single-car detached garage, a three-car deep driveway, and a double-wide parking spot at the front. Further enhancing the home's appeal are the new windows and capping throughout. This property is the perfect blend of versatility, modern updates, and budget-friendly pricing. Contact Ian for more information or to schedule a viewing. Don't miss this opportunity! (id:38042)

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