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308 Broadway Street Image 1

$579,000

6 days agoInvestment For Sale
bedroomsbed
washrooms0bath
MLS - #X12106614

308 Broadway Street, Welland, ON L3C 5L9

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Average Price
57900000.0%
Higher than average

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 308 Broadway Street

ATTENTION all Investors! Welcome to 308 Broadway, a rare and versatile multi-residential triplex in the thriving city of Welland. This unique property is zoned for both commercial and residential use, offering unmatched flexibility and potential for investors, entrepreneurs, or owner-occupiers looking to capitalize on a growing market. The main floor features a spacious and bright 2-bedroom unit, complete with a private entrance and in-suite laundry hookups, perfect for comfortable living or a professional office setup. Upstairs, the second level offers two well-appointed 2-bedroom apartments, each filled with natural light and classic character, providing desirable rental options for tenants. The basement adds even more value, with a bathroom and plumbing already in place, offering potential to be converted into a fourth legal unit a rare and exciting opportunity to increase rental income and overall property value. Additional highlights include, High-efficiency boiler and water heaters all owned, Rear parking plus street parking available, Cap rate of 6.6%, prime central location with easy access to highways, public transit, and nearby amenities. Whether you're an experienced investor or new to real estate, this property is a smart addition to your portfolio. With solid income potential, mixed-use zoning, and expansion possibilities, 308 Broadway stands out as a truly unique and rewarding opportunity in one of Niagara's most promising cities. **Property is Tenanted** Financials Attached**

Home Overview

Last updated

6 days ago

Virtual tour

None

Basement information

Building size

2300

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Listed by RIGHT AT HOME REALTY, BROKERAGE

Additional Details

Basement:N/A
Cooling:No
Heating:Water Radiators
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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