192 MAPLE AVENUE, Welland (Broadway)

$1,174,900

For sale: Other

Other at 192 MAPLE AVENUE, Welland (Broadway)
Property type
Investment
MLS®
MLS® X13029506
Neighbourhood
772 - Broadway

Prime Investment Opportunity: Sturdy Building with Thriving Businesses and Room for Expansion! Discover a solid investment in this robust building strategically located in a high-traffic area. Originally two lots, it currently hosts two bustling commercial units and three fully occupied residential spaces, offering not just returns but also the potential for growth. At the heart of the commercial scene is the The Hub Bar and Kitchen, a reliable tenant boasting a full kitchen, seating for over 100 patrons, and two basement event centers. It's more than a bar; it's a community focal point that ensures not just income but a touch of local character. Built to endure, this property is ready for action. Fully occupied residential units provide a steady income, while the success of The Hub Bar & Kitchen promises immediate returns for those seeking a solid investment. Ample parking adds convenience for everyone coming through the door. What sets this place apart is its potential for future development. Originally two lots, there's room to expand, renovate, or kickstart new projects. Adding a touch of practicality, a digital board becomes your versatile billboard, promoting businesses in a straightforward, effective way. . Whether you're after immediate returns or planning for future growth, this building provides a stable foundation for both. Don't miss out on this opportunity.

Sold data

Homes in Welland (Broadway) — recent sold market

Homes in Welland (Broadway) took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 59, across 182 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $539,950.

Homes sold for about 3.1% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 35% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$539,950
Sale-to-list ratio
96.9%
Sold above asking
5%

Based on 182 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Welland (Broadway)

Welland (Broadway) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.

Rated schools
23
Elementary
18
Secondary
5
Average rating
6.5 / 10

Top-rated schools in Welland (Broadway)

  • Plymouth — elementary, WellandFraser rating 10.0/10
  • Fitch Street — elementary, WellandFraser rating 8.1/10
  • Glendale — elementary, WellandFraser rating 8.1/10
  • Holy Name — elementary, WellandFraser rating 7.9/10
  • Quaker Road — elementary, WellandFraser rating 7.6/10
  • Diamond Trail — elementary, WellandFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 192 MAPLE AVENUE