314 Broadway Avenue A Welland, Ontario L3C 5L9

3 Bedroom 2 Bathroom 1,502 sqft
Central Air Conditioning Forced Air

$449,900

Two Opportunities Here! Home Ownership May Have Just Got More Affordable... OPTION ONE. Live in one, rent the other. Not just for investors, this is an ideal first home or house-hack opportunity. Live on the main floor and let the lower unit's rent help pay your mortgage. As an owner-occupant, you may also qualify for a lower down payment than a pure investment purchase. When you're ready to move on, keep it as a fully rented income property.Steps from local amenities, the dog park and the Welland Recreational Canal trail system, it's a prime, high-demand rental location that tenants and owners will love. OPTION TWO. Turn-Key Duplex in the Heart of Welland! This extensively renovated duplex at 314 Broadway Avenue is a completely hands-off, high-yield addition to any portfolio. It offers a strong 5.8% cap rate and needs zero capital expenditure, so you can simply start collecting.The main floor unit has a bright, spacious 2-bedroom layout with a potential 3rd bedroom. The lower level is a fully finished 1-bedroom unit. Both units have been modernized from top to bottom, with contemporary finishes, updated kitchens and pristine baths. (id:60588)

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
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