Sold for:Sold Jun 17, 2025
$579,000

308 Broadway Street

Welland (Broadway), ON L3C 5L9

Multiplex SoldNot available

This home has sold. It is no longer available.

Property not available for sale or for rent.

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Sale & Price History for 308 Broadway Street, Welland, Broadway

2025-04-25
2025-06-18
Sold
Price
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MLS#
x12105472

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 308 Broadway Street, Welland, Broadway

ATTENTION all Investors! Welcome to 308 Broadway, a rare and versatile multi-residential triplex in the thriving city of Welland. This unique property is zoned for both commercial and residential use, offering unmatched flexibility and potential for investors, entrepreneurs, or owner-occupiers looking to capitalize on a growing market. The main floor features a spacious and bright 2-bedroom unit, complete with a private entrance and in-suite laundry hookups perfect for comfortable living or a professional office setup. Upstairs, the second level offers two well-appointed 2-bedroom apartments, each filled with natural light and classic character, providing desirable rental options for tenants. The basement adds even more value, with a bathroom and plumbing already in place, offering potential to be converted into a fourth legal unit a rare and exciting opportunity to increase rental income and overall property value. Additional highlights include, High-efficiency boiler and water heaters all owned, Rear parking plus street parking available, Cap rate of 6.6%, prime central location with easy access to highways, public transit, and nearby amenities. Whether you're an experienced investor or new to real estate, this property is a smart addition to your portfolio. With solid income potential, mixed-use zoning, and expansion possibilities, 308 Broadway stands out as a truly unique and rewarding opportunity in one of Niagara's most promising cities. **Property is Tenanted**

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,049
Land Transfer Tax Fee
$8,055

Basement Type
Partially Finished, Full

Interior Features

Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
51-99

Construction

Exterior Finish
Brick, Concrete Block
Roof
Membrane
Foundation Details
Concrete Block
Special Designation
Other

Lot

Lot Front
33.00 ft
Lot Depth
68.00 ft

Inclusions

Inclusions
3 Refrigerators, 3 Stoves, High Efficiency Boiler, 2 Hot Water Tanks.

Exclusions

Exclusions
Tenants Belongings

Parking & Garages

Garage Type
None
Garage Spaces
2
Parking Spaces
2
Total Garage And Parking Spaces
2

Heating & Cooling

Heat Source
Gas
Heat Type
Radiant
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
6
Washrooms
4
Kitchens
3

Washrooms

  • 4-piece, Main
  • 4-piece, Second
  • 4-piece, Second
  • 3-piece, Basement

Municipality
Welland
Neighbourhood
Broadway
Main cross streets
Broadway and Clifford
Zoning
RL2
Directions
HWY 406 to East Main to Prince Charles (HWY 58) South to Broadway. Cross Street Clifford.

MLS® number
X12105472
Data source
Toronto Regional Real Estate Board
Status change
2025-06-18
Listed on
2025-04-25
Days on market
54 days
Possession date
2025-05-15
Possession type
Flexible
Co-op commission
2.0 Plus HST
Seller
Listed by
Right At Home Realty, Brokerage

Home Market Value

Current home valuation for 308 Broadway Street, Welland, Broadway, Welland, ON. Listed for $579,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 308 Broadway Street, Welland, Broadway

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Welland, ON
Minimum Down Payment Required:5.7%

5% on first $500K + 10% on $79,000 over $500K

Minimum down payment

$32,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$21,840$16,154$13,780$0
=Total mortgage
$567,837$537,254$505,930$463,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,772monthly$2,623monthly$2,470monthly$2,262monthly
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Land Transfer Tax

Provincial

$8,055

Total Land Transfer Tax

$8,055

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2/100Almost All Errands Require a Car
0/100Minimal Transit
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