Size
-
Lot size
2244 sqft
Street frontage
-
Possession
2025-05-15
Price per sqft
$193 - $232
Taxes
$3,048.78 (2024)
Parking Type
-
Style
2-Storey
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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**
Broker: RIGHT AT HOME REALTY, BROKERAGE
MLS®#: X12105472
Property details
Parking:
2
Parking type:
-
Property type:
Triplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
2500-3000 sqft
Lot front:
33 Ft
Lot depth:
68 Ft
Listed on:
Apr 25, 2025
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Instant estimate:
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$15,678
lower than listed pricei
High
$574,588
Mid
$563,322
Low
$531,156