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.
| MLS # | 40844483 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 119 |
| Listing Provided By | Real Broker Ontario Ltd. | Stephen Canjar |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 762 |
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | RL2 |
| Acreage | 0.08 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Accessory Apartment |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
| Lot Features | Hospital, Place of Worship, Public Parking, Public Transit, Schools, Shopping Nearby |
|---|---|
| Construction Materials | Vinyl Siding |
| Roof | Asphalt Shing |
| Security Features | Smoke Detector |
| Open Parking Yes / No | Yes |
|---|
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 2776 |
|---|
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3C 5L9 |
| Area | Welland |
| Subarea | 772 Broadway |
| Community Name | 772 Broadway |
| Listing VS Median (in 772 Broadway) | |
Price: $449,900 low | high Med: $447,450 sqft: 762 low | high Med: 871 $ / sqft: $590 low | high Med: $522 On site: 119 low | high Med: 77.5 | |
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3C 5L9 |
| Area | Welland |
| Subarea | 772 Broadway |
| Community Name | 772 Broadway |
| Listing VS Median (in 772 Broadway) | |
Price: $449,900 low | high Med: $447,450 sqft: 762 low | high Med: 871 $ / sqft: $590 low | high Med: $522 On site: 119 low | high Med: 77.5 | |