3 Bedroom
2 Bathroom
700 - 1100 sqft
Bungalow
Central Air Conditioning
Forced Air
$494,900
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 expenditure-simply 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! (id:14833)
Property Details
|
MLS® Number
|
X13514942 |
|
Property Type
|
Multi-family |
|
Community Name
|
772 - Broadway |
|
Parking Space Total
|
2 |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
2 |
|
Bedrooms Below Ground
|
1 |
|
Bedrooms Total
|
3 |
|
Architectural Style
|
Bungalow |
|
Basement Development
|
Finished |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
N/a, Full, N/a (finished) |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Vinyl Siding |
|
Foundation Type
|
Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
700 - 1100 Sqft |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
100 Ft ,3 In |
|
Size Frontage
|
36 Ft ,4 In |
|
Size Irregular
|
36.4 X 100.3 Ft |
|
Size Total Text
|
36.4 X 100.3 Ft |
|
Zoning Description
|
Rl2 |
https://www.realtor.ca/real-estate/29980728/314-broadway-street-welland-broadway-772-broadway