Turn-Key Investment Opportunity in the Heart of Welland! This extensively renovated, duplex at 314 Broadway Avenue offers a completely hands-off, high-yield addition to your portfolio. Boasting a strong 5.3% Cap Rate, this property requires absolutely zero capital expendituresimply start collecting. The main floor unit features a bright, spacious 2-bedroom layout(potential 3rd) while the lower level offers a fully finished 1-bedroom unit. Both units have been completely modernized from top to bottom with contemporary finishes, updated kitchens, and pristine baths. Situated in a prime, high-demand rental location, tenants will love being steps from excellent local amenities, dog park and the vibrant Welland Recreational Canal trail system. Bonus Potential: The vacant lot next door is also available for purchase, offering incredible future development potential or land-banking opportunities. Don't miss this rare, stress-free income generator!
| MLS # | 40844483 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 53 |
| Listing Provided By | Real Broker Ontario Ltd. | Stephen Canjar |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 762 |
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | RL2 |
| Acreage | 0.08 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Accessory Apartment |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
| Lot Features | Hospital, Place of Worship, Public Parking, Public Transit, Schools, Shopping Nearby |
|---|---|
| Construction Materials | Vinyl Siding |
| Roof | Asphalt Shing |
| Security Features | Smoke Detector |
| Open Parking Yes / No | Yes |
|---|
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 2776 |
|---|
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3C 5L9 |
| Area | Welland |
| Subarea | 772 Broadway |
| Community Name | 772 Broadway |
| Listing VS Median (in 772 Broadway) | |
Price: $474,900 low | high Med: $452,400 sqft: 762 low | high Med: 825 $ / sqft: $623 low | high Med: $554 On site: 53 low | high Med: 30 | |
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3C 5L9 |
| Area | Welland |
| Subarea | 772 Broadway |
| Community Name | 772 Broadway |
| Listing VS Median (in 772 Broadway) | |
Price: $474,900 low | high Med: $452,400 sqft: 762 low | high Med: 825 $ / sqft: $623 low | high Med: $554 On site: 53 low | high Med: 30 | |