308 Broadway Street
Welland, L3C 5L9
FOR SALE
$579,000

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Investment
CATEGORY2,300 Sq Ft
TOTAL AREAX12106614
MLSIDContact Us
Property Description
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**
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Property Details
Address
308 Broadway Street
Community
City
Postal Code
L3C 5L9
Property Type
Investment, Investment
Days On Market
49
Use
Apartment
Zoning
RL2
Lot Size
33' x 68'
Total Area
2,300 Sq Ft
Acreage
2,244.0 Feet
Taxes
$3,049 (2024
Heat Type
Water Radiators
Water
Municipal
Garage Type
None
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Listing contracted with Right At Home Realty, Brokerage
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