Property Information:

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:27)

Building Features:

Style: Duplex
Building Type: Duplex
Basement Development: Finished
Basement Type: Full
Exterior Finish: Vinyl siding
Floor Space: 1502 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 3
Bathrooms: 2
Amenities Nearby: Hospital, Public Transit, Schools, Shopping
Floor Space (approx): 1502 Square Feet
Lot Frontage: 36 Feet
Zoning: RL2
Sewer: Municipal sewage system
No. of Parking Spaces: 2

Courtesy of: Real Broker Ontario Ltd.

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Demographic Information of 314 BROADWAY Avenue A, Welland, Ontario, L3C 5L9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$97,476.30

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.4 %

High school certificate or equivalent

37.9 %

Apprenticeship trade certificate/diploma

6.95 %

College/non-university certificate

26.6 %

University Degree

8.15 %

Commuter

Travel To Work

By Car

94.42 %

By Public Transit

0.39 %

By Walking

1.03 %

By Bicycle

0.0 %

By Other Methods

4.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

9.8 %

Houses

90.2 %

314 BROADWAY Avenue A, Welland, Ontario, L3C 5L9