308 Broadway Street
772 - Broadway
Niagara
L3C 5L9
$579,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12106614
- Bus Major:
- Apts - 2 To 5 Units
- Photos (29)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
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** Financials Attached**
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 2300 sq. ft. Square Feet
- Total Area:
- 2,300 sq. ft.214 m2
- Depth:
- 68'20.7 m
- Frontage:
- 33'10.1 m
- Water supply:
- Municipal
- Zoning:
- RL2
- Heating type:
- Water Radiators
- Garage:
- None
- Possession Details:
- Immediate/Flexible
- HST Applicable To Sale Price:
- Included In
- Assessment Year:
- 2024
- Type Taxes:
- Annual
- Taxes:
- $3,048.78 / 2024
- Assessment:
- $- / 2024
- Welland
- 772 - Broadway
- Niagara
- N/A
- 3 Refrigerators, 3 Stoves, two (2) Hot Water Tanks owned.
- Tenants Belongings
- Utilities:
- Yes
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Gross income:
- $46,847
- Net Income Before Debt:
- $37,741
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $1,370
- Insurance Expenses:
- $2,200
- Tax Expenses:
- $3,048.78
- Water Expenses:
- $1,500
- Year Expenses:
- 9116
- Major Business Type:
- Apts - 2 To 5 Units
- Category:
- Apartment
- Date Listed:
- Apr 27, 2025
-
Photo 1 of 29
-
Photo 2 of 29
-
Photo 3 of 29
-
Photo 4 of 29
-
Photo 5 of 29
-
Photo 6 of 29
-
Photo 7 of 29
-
Photo 8 of 29
-
Photo 9 of 29
-
Photo 10 of 29
-
Photo 11 of 29
-
Photo 12 of 29
-
Photo 13 of 29
-
Photo 14 of 29
-
Photo 15 of 29
-
Photo 16 of 29
-
Photo 17 of 29
-
Photo 18 of 29
-
Photo 19 of 29
-
Photo 20 of 29
-
Photo 21 of 29
-
Photo 22 of 29
-
Photo 23 of 29
-
Photo 24 of 29
-
Photo 25 of 29
-
Photo 26 of 29
-
Photo 27 of 29
-
Photo 28 of 29
-
Photo 29 of 29
Larger map options:
Listed by RIGHT AT HOME REALTY, BROKERAGE
Data was last updated April 27, 2025 at 01:15 PM (UTC)
- Bosley Real Estate
- 1 (416) 322-8000
- Contact by Email
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
powered by myRealPage.com