314 BROADWAY STREET, Welland (Broadway)

$449,900

For sale: Multiplex

Multiplex at 314 BROADWAY STREET, Welland (Broadway)
Property type
Duplex
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
1,100 sqft
MLS®
MLS® X13514942
Neighbourhood
772 - Broadway

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 TWOTurn-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.

Sold data

Homes in Broadway — recent sold market

Homes in Broadway took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 75, across 80 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 80 days.

The median sale price was $455,445.

Homes sold for about 3.9% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 39% of sellers reduced their price before finding a buyer.

Median days to sell
37
Median sale price
$455,445
Sale-to-list ratio
96.1%
Sold above asking
6%

Based on 80 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. 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 314 BROADWAY STREET