215 Broadway Avenue Welland, Ontario L3C 5L7
$695,000
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! (id:41589)
Property Details
| MLS® Number | X12390268 |
| Property Type | Multi-family |
| Community Name | 772 - Broadway |
| Amenities Near By | Public Transit, Park |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | Wooded Area, Flat Site, Wheelchair Access, In-law Suite |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater |
| Structure | Patio(s) |
Building
| Bathroom Total | 8 |
| Bedrooms Above Ground | 11 |
| Bedrooms Total | 11 |
| Appliances | Water Heater, Water Meter |
| Architectural Style | Bungalow |
| Basement Type | None |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Poured Concrete |
| Half Bath Total | 6 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 130 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 130 Ft |
| Size Total Text | 50 X 130 Ft |
| Zoning Description | Rl2, Cc2 |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28833821/215-broadway-avenue-welland-broadway-772-broadway
Steven Kealey
Broker of Record
47 East Main Street
Welland, Ontario L3B 3W4
(905) 734-6000
(289) 723-0154
www.wowrealtygroup.ca/
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October 23 2025 12:45:49
Niagara Association of REALTORS®
Wow Realty Group