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** (id:4069)
Address
308 BROADWAY STREET
List Price
$579,000
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Welland (broadway)
Bedrooms
6
Bathrooms
4
Floor Area
25,003,000 Sq. Ft.
Lot Size
33 x 68 FT Sq. Ft.
MLS® Number
X12105472
Listing Brokerage
RIGHT AT HOME REALTY, BROKERAGE
Basement Area
Full (Partially finished)
Postal Code
L3C5L9
Zoning
RL2
