314 Broadway Street
772 - Broadway, Welland, L3C 5L9
FOR SALE
$474,900
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2 + 1
BEDROOMS 2
BATHROOMS 1 + 1
KITCHENS 2 + 2
ROOMS X13514942
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Property Description
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!
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Property Features
Accessory Apartment
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Property Details
Address
314 Broadway Street
Community
City
Postal Code
L3C 5L9
Property Type
Duplex, Duplex
Zoning
RL2
Lot Size
36' x 100'
Taxes
$2,776 (2026
Basement
Separate Entrance, Full, Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Real Broker Ontario Ltd.
478 East Main Street offers a practical opportunity for investors, owner-occupants, or buyers looking for flexible space in a central Welland location. This approximately 2,000 sq. ft. up/down duplex features a spacious 1-bedroom main-floor unit and a renovated 2-bedroom upper unit, which is currently vacant and ready for its next use. With separate entrances and separate hydro meters, the layout provides clear separation between the two units and supports a variety of ownership options. The property also includes a private rear patio, parking for approximately 3-4 vehicles, and a roof updated in 2020. Located along East Main Street, this address offers convenient access to downtown Welland, shopping, restaurants, everyday amenities, the Welland Canal, Niagara College, and commuter routes throughout Niagara. A functional, well-positioned property with income potential, flexibility, and strong long-term value.
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Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow. The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment. The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss. Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller.
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