5 - 7 Broadway Avenue, Welland | Image 1

5 - 7 Broadway Avenue

Welland, 772 - Broadway

  • Commercial

$1,400,000
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RL2, NC, CC2

  • Age: No Data

  • Taxes: 12363

  • MLS®#: X11973846

  • Days on Site: 7 Days

  • Added: Feb 13, 2025 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: EXP REALTY

Discover this prime investment property offering a remarkable 5.7% cap rate. Featuring seven fully renovated one-bedroom units, all tenanted at or near market rent, this property is the epitome of turnkey convenience. With an impressive 8.1% cash-on-cash return in the first year, its a standout opportunity for savvy investors. This property boasts numerous capital expenditure updates, including newer windows, updated appliances, roof replacements and repairs as needed, newly installed gutters and downspouts, upgraded exterior doors, and a complete rewiring of the electrical system with updated breakers, plus much more!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Welland

  • Community: 772 - Broadway

  • Availability Date: TBD

  • Assessment Year: 2024

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: Baseboard

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: LTS 90-92, PL 969; PT LANE, PL 969 (CLOSED BY BL126) AS IN RO342

  • Taxes: $12,363

  • Taxes Type: Annual

Land

  • Cross Street: Broadway/Semley Ave

  • Municipality District: Welland

  • Parcel Number: 644350093

  • Lot Depth: 180.9 Feet

  • Lot Frontage: 45 Feet

  • Zoning: RL2, NC, CC2

Commercial Specific

  • Total Area: 12271

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 5 - 7 Broadway Avenue, Welland
JK-8

St Augustine Catholic Elementary School

Elementary: Catholic
0.67 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
1.30 km
JK-8

Fitch Street Public School

Elementary: Public
2.28 km
JK-8

Plymouth Public School

Elementary: Public
1.48 km
JK-8

Diamond Trail Public School

Elementary: Public
1.97 km
JK-8

Holy Name Catholic Elementary School

Elementary: Catholic
2.46 km
9-12

École secondaire Confédération

Secondary: Public
3.28 km
9-12

Eastdale Secondary School

Secondary: Public
3.11 km
9-12

ÉSC Jean-Vanier

Secondary: Catholic
4.51 km
9-12

Centennial Secondary School

Secondary: Public
3.39 km
Pre-Grade 9-12

Lakeshore Catholic High School

Secondary: Catholic
8.81 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
3.03 km
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