314 BROADWAY STREET
Welland (Broadway), Ontario
MLS® X13514942
$449,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13514942
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- —
1 / 7Listing description
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 TWOTurn-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.
Property summary
- MLS® number
- X13514942
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 36.4 x 100.3 FT
- Annual property taxes
- $2,776.00
- Parking
- 2 spaces · No Garage
- Days on market
- 123 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Full, Separate entrance, N/A, N/A
- Exterior features
- Vinyl siding
- Architectural style
- Bungalow
What would this home cost you?
Based on the $449,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REAL BROKER ONTARIO LTD., BURLINGTON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.