314 Broadway Street
772 - Broadway, Welland, L3C 5L9
FOR SALE
$494,900

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2 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS2 + 2
ROOMSX13514942
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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.
First-time buyers - this is the one you've been waiting for. This legal Welland duplex offers something that rarely comes up in this market: a real home, with real flexibility, and a built-in strategy for making ownership genuinely affordable from day one. Three ways to make it yours - you choose. Option 1 - Live in the main floor, rent the upper unit. Move into a bright, open-concept two-bedroom unit with a generous kitchen, full 4-piece bath, and spacious living and dining area. The self-contained one-bedroom upper unit - with its own kitchen, living space, and full bath - generates rental income that works against your mortgage every single month. Tenants are currently in place and happy to stay. Income starts immediately. No vacancy period, no guesswork. Option 2 - Live upstairs, rent the main floor. Prefer your own quiet one-bedroom space while maximizing rental return? Move into the upper unit and lease out the larger two-bedroom main floor below. Own the building, let the bigger unit carry the costs, and build equity quietly while your tenant does the heavy lifting. Option 3 - Convert back and own something truly special. Here's the detail that stops buyers in their tracks: this home was originally built as a single-family residence - 5 bedrooms and 2 bathrooms under one roof. The duplex conversion is straightforward to reverse, and when you do, you end up with one of the most spacious updated homes available in Niagara at this price. Five bedrooms. Two full baths. Over 1,600 sq ft above grade. A full basement with separate exterior access. Updated throughout. At this size, at this price, in this location - it won't last. Separate hydro meters. Two-car private drive. Central air and gas forced-air heat. Minutes to Hwy 406, schools, hospital, shopping, transit, and parks. Flexible possession. Three paths in. One remarkable opportunity. This is what smart first-time buying looks like.
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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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