5 - 7 Broadway Avenue, Welland, ON Image 1

$1,400,000

Investment For Sale
MLS - #X11973846
Mar 29- By EXP REALTY

5 - 7 Broadway Avenue, Welland, ON L3C 5L2

Bed
Bath
12271 Sqft.
None Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

12271 Sqft

About 5 - 7 Broadway Avenue

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!

Home Overview

Last updated

Mar 29

Virtual tour

None

Basement information

Building size

12271

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:No
Heating:Baseboard
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
140000000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 5 - 7 Broadway Avenue

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$5347.05/ month
$1,120,000 Principal and Interest

Some information about this property - Broadway Avenue

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