308 Broadway Street Welland (Broadway), Ontario L3C 5L9
$579,000
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** (id:55499)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12106614 |
| Property Type | Multi-family |
| Community Name | 772 - Broadway |
Building
| Appliances | Water Heater, Stove, Refrigerator |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 2300 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 68 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 X 68 Ft |
| Size Total Text | 33 X 68 Ft |
| Zoning Description | Rl2 |
https://www.realtor.ca/real-estate/28221229/308-broadway-street-welland-broadway-772-broadway
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April 27 2025 01:41:41
Toronto Real Estate Board
Right At Home Realty, Brokerage