308 Broadway Street

Welland, L3C 5L9
FOR SALE
$579,000
308 Broadway Street, Welland
308 Broadway Street
308 Broadway Street
308 Broadway Street
308 Broadway Street
308 Broadway Street
308 Broadway Street
308 Broadway Street
308 Broadway Street
Investment
CATEGORY
2,300 Sq Ft
TOTAL AREA
X12106614
MLSID
Contact 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**
Property Details
Address
308 Broadway Street
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
Listing contracted with Right At Home Realty, Brokerage
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