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Jay Barwell

barwell@everyavenue.ca +1(647) 998-1913

$ 695,000

Est. payment -/mo

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215 Broadway AVE Welland, ON L3C 5L7

11 Beds

8 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 772 - Broadway

MLS Listing ID X12390268

Style Bungalow

Bedrooms 11

Annual Tax Amount $3,119

Tax Year 2025

Property Sub-Type Duplex

Property Description

Large duplex with a front 6-bedroom apartment (currently fully rented by the bedroom to six good long term tenants) and a rear 5-bedroom apartment (currently owner occupied which could be vacated on closing or rented to the seller if the buyer wishes). This former church building offers a very spacious owner occupied rear unit with 5 bedrooms, kitchen, dining room, living room, laundry, pantry and 3 pc bathroom plus a large patio area and rear parking. The front of the building has a very large 6 bedroom unit, currently rented, with each bedroom having its own 2 pc washroom (5 rooms @ $700/month and 1 room @ $630/month on next increase). Tenants in the front unit share a kitchen, living room and 3 pc bathroom with shower. The rear owners unit could be rented for an additional $3,000 or more a month. Updates include roof shingles 2019, two high efficient furnaces 5-6 yrs old and central air. Electric hot water tank is owned, gas one is rented. 600 amp updated electric service. Some parking. Owner is willing to stay on and rent the rear unit and manage the 6 rooms that are currently rented or he can vacate on closing if the buyer wishes. Current rental income $46,240 (in the front unit only) with expenses of property taxes $2930, hydro $4870, gas $3760, rental water heater $540, water $2530. Buyer can live in the beautiful and spacious rear owners unit and let the tenants in the front unit pay the bills including the mortgage!

Location

Province ON

County Niagara

Community 772 - Broadway

Area Niagara

Zoning RL2, CC2

Rooms

Family Room Yes

Basement None

Kitchen 2

Interior

Interior Features Accessory Apartment, In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Storage, Water Heater, Wheelchair Access

Cooling Central Air

Exterior

Exterior Feature Patio

Parking Features Private Double

Pool None

View Trees/Woods

Roof Type Shingles

Lot Frontage 50.0

Lot Depth 130.01

Total Parking Spaces 2

Building

Foundation Poured Concrete

Others

Senior Community No

Listed by WOW REALTY GROUP

Jay Barwell

Sales Representative

+1(647) 998-1913

Jay Barwell

215 Broadway AVE Welland, ON L3C 5L7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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215 Broadway AVE