215 Broadway Ave

For Sale New 15 hours
$695,000
11 beds
8 baths

215 Broadway Ave

For Sale New 15 hours
$695,000
11 beds
8 baths

Highlights

Key insights

Description

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:63267)

Steven Kealey of WOW REALTY GROUP,
#X12390268
updated 15 hours ago.
Houseful checked MLS® for data 15 hours ago.

Home overview

Amenities / Utilities
  • Cooling
    Central air conditioning
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    1
  • # parking spaces
    2
Interior
  • # full baths
    2
  • # half baths
    6
  • # total bathrooms
    8.0
  • # of above grade bedrooms
    11
Location
  • Community features
    School bus
  • Subdivision
    772 - broadway
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12390268
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28833821/215-broadway-avenue-welland-broadway-772-broadway
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,853

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25 Years fixed, 20% down payment, % interest
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