5 - 7 Broadway Avenue Welland (772 - Broadway), Ontario L3C 5L2
$1,400,000
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! (id:41954)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X11973846 |
| Property Type | Multi-family |
| Community Name | 772 - Broadway |
Building
| Appliances | Refrigerator, Stove |
| Heating Type | Baseboard Heaters |
| Size Interior | 12271 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 180 Ft ,10 In |
| Size Frontage | 45 Ft |
| Size Irregular | 45 X 180.9 Ft |
| Size Total Text | 45 X 180.9 Ft |
| Zoning Description | Rl2, Nc, Cc2 |
https://www.realtor.ca/real-estate/27918135/5-7-broadway-avenue-welland-772-broadway-772-broadway
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February 20 2025 09:38:43
Toronto Real Estate Board
Exp Realty