Unknown for 308 Broadway St, Welland Ontario L3C 5L9
14 days on Market

308 Broadway St, Welland, Ontario L3C 5L9

Other
-
-
~2300 sqft
$579,000
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Other
-
-
~2300 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$251/sqft

Est. Mortgage$2,487/mo

Tax Amount (2024)$3,049/yr

Days On Market14 days


Description

ATTENTION all Investors! Welcome to 308 Broadway, a rare and versatile multi-residential triplex in the thriving city of Welland. This unique property is zoned for both commercial and residential use, offering unmatched flexibility and potential for investors, entrepreneurs, or owner-occupiers looking to capitalize on a growing market. The main floor features a spacious and bright 2-bedroom unit, complete with a private entrance and in-suite laundry hookups, perfect for comfortable living or a professional office setup. Upstairs, the second level offers two well-appointed 2-bedroom apartments, each filled with natural light and classic character, providing desirable rental options for tenants. The basement adds even more value, with a bathroom and plumbing already in place, offering potential to be converted into a fourth legal unit a rare and exciting opportunity to increase rental income and overall property value. Additional highlights include, High-efficiency boiler and water heaters all owned, Rear parking plus street parking available, Cap rate of 6.6%, prime central location with easy access to highways, public transit, and nearby amenities. Whether you're an experienced investor or new to real estate, this property is a smart addition to your portfolio. With solid income potential, mixed-use zoning, and expansion possibilities, 308 Broadway stands out as a truly unique and rewarding opportunity in one of Niagara's most promising cities. **Property is Tenanted** Financials Attached**


Property Details

StyleApartment
View-
Age of property-
SqFt~2300 SqFt
Lot Size2,244 SqFt(68 x 33)
Parking Spaces-
MLS ®NumberX12106614
Community NameWelland South
Data SourceTRREB
Listing byRIGHT AT HOME REALTY, BROKERAGE

Features

Heating: Water Radiators
Cooling: N
Basement: Y

Features

Lot size: 2,244 SqFt

Property listed by RIGHT AT HOME REALTY, BROKERAGE, Brokerage
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Market Data - Welland South

Geo Zone Map ThumbnailWelland South

Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2024

10 days

2023

24 days

2022

11 days

New Listings

Past 30 days

7 listings

Compared to

2024

12 listings

2023

5 listings

2022

11 listings

Units sold

Past 30 days

5 units

Compared to

2024

9 units

2023

5 units

2022

5 units

Median Sold Price

Past 30 days

$520,000

Compared to

2024

$522,500

2023

$510,000

2022

$685,000


Population and Demographics

Overview

Total population 3332
Average household income $91,313

Age (%)

65 and plus
24%
50 to 64
21%
0 to 19
20%
20 to 34
18%
35 to 49
17%

Household composition (%)

Single family
63%
Single person
33%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
84%
French
6%
Italian
3%
Others
3%
Spanish
2%
English and French
1%

House tenancy (%)

Owners
74%
Renters
26%

Schools and amenities

Estimated Budget