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

Welland L3C 5L2 Ontario

MLS: X11973846

$1,400,000

Added 27 days ago | For Sale

Listed by: EXP REALTY

About Property

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!

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 45 X 180.9
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Broadway/Semley Ave
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $3730.87
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X11973846

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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