5 - 7 Broadway Avenue

Welland, L3C 5L2
FOR SALE
$1,400,000
5 - 7 Broadway Avenue, Welland
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
5 - 7 Broadway Avenue
Investment
CATEGORY
12,271 Sq Ft
TOTAL AREA
X11973846
MLSID
Contact Us
Property Description
Discover this prime investment property offering a remarkable 5.7% cap rate. Featuring seven fully renovated one-bedroom units, all tenanted at or near market rent, this property is the epitome of turnkey convenience. With an impressive 8.1% cash-on-cash return in the first year, its a standout opportunity for savvy investors. This property boasts numerous capital expenditure updates, including newer windows, updated appliances, roof replacements and repairs as needed, newly installed gutters and downspouts, upgraded exterior doors, and a complete rewiring of the electrical system with updated breakers, plus much more!
Property Details
Address
5 - 7 Broadway Avenue
Postal Code
L3C 5L2
Property Type
Investment, Investment
Use
Apartment
Zoning
RL2, NC, CC2
Lot Size
45' x 181'
Total Area
12,271 Sq Ft
Acreage
11,594.0 Feet
Taxes
$3,731 (2024
Basement
[]
Exterior
[]
Heat Type
Baseboard
Water
Municipal
Pool
[]
Garage Type
None
Listing contracted with Exp Realty
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