314 BROADWAY
Welland, Ontario
3 bed • 2 bath • Multi-family
Turn-Key Investment Opportunity in the Heart of Welland! This extensively renovated, duplex at 314 Broadway Avenue offers a completely hands-off, high-yield addition to your portfolio. Boasting a strong 5.3% Cap Rate, this property requires absolutely zero capital expenditure—simply start collecting. The main floor unit features a bright, spacious 2-bedroom layout(potential 3rd) while the lower level offers a fully finished 1-bedroom unit. Both units have been completely modernized from top to bottom with contemporary finishes, updated kitchens, and pristine baths. Situated in a prime, high-demand rental location, tenants will love being steps from excellent local amenities, dog park and the vibrant Welland Recreational Canal trail system. Bonus Potential: The vacant lot next door is also available for purchase, offering incredible future development potential or land-banking opportunities. Don't miss this rare, stress-free income generator!
Price History
Schools
Elementary
- St Augustine Catholic Elementary School0.5 km
Catholic · Niagara CDSB · 185 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 36% met the provincial standard
- St Mary Catholic Elementary School1.7 km
Catholic · Niagara CDSB · 205 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Plymouth Public School1.8 km
Public · DSB Niagara · 460 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 100% met the provincial standard
Secondary
- Notre Dame College School3.2 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
- Welland Centennial Secondary School3.4 km
Public · DSB Niagara · 1050 students
Grade 10 literacy: 87% met the provincial standard
- Eastdale Secondary School3.5 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3C
- Population
- 33,462
- Private dwellings
- 14,273
- Median age
- 45.6
- Average household size
- 2.4
- Median household income
- $78,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Welland · last 12 months
- Median sold price
- $535,000
- Homes sold
- 763
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 763 recorded sales of multi-family properties in Welland over the last 12 months.
Location
Mortgage Calculator
$94,980
Estimated Monthly Payment
$2,333
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,333/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $119/mo
Estimates only. Consult a financial advisor.
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