3 Bedroom
2 Bathroom
1,502 sqft
Central Air Conditioning
Forced Air
$494,900
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! (id:56248)
Property Details
|
MLS® Number
|
40844483 |
|
Property Type
|
Multi-family |
|
Amenities Near By
|
Hospital, Place Of Worship, Public Transit, Schools, Shopping |
|
Parking Space Total
|
2 |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Total
|
3 |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Vinyl Siding |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
1,502 Sqft |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Place Of Worship, Public Transit, Schools, Shopping |
|
Sewer
|
Municipal Sewage System |
|
Size Frontage
|
36 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
Rl2 |
https://www.realtor.ca/real-estate/29980558/314-broadway-avenue-a-welland