$399,000

For sale

142 Mcarthur Avenue, Welland (Lincoln/Crowland) - Single Family for Sale

142 Mcarthur Avenue, Welland (Lincoln/Crowland), Ontario, L3B2J9

2 beds1 bath2 parking350 ft²66 × 100 ft (6,600 sq ft) lot sizeListed 84 days ago

Overview

This 2-bedroom, 1-bathroom home in Welland is for sale offering roughly 350 sq ft of space. Listed at $399,000, it is attractively priced about 7% below the $429,000 median asking price in Welland.

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Description

This 2-bedroom, 1-bathroom home features an updated kitchen and laundry area. The property has received City of Welland approval for the severance of an adjacent building lot of similar size. According to the draft survey, each parcel is approximately 33 ft. x 100 ft. The adjacent parcel includes an approximately 12 ft. x 12 ft. insulated accessory building with electrical rough-in. The seller advises that the home's foundation has been reinforced with steel beams. The property is currently zoned R2. Buyers are responsible for completing their own due diligence regarding the status and conditions of the severance, lot dimensions, zoning, permitted uses, accessory-building and electrical approvals, and the feasibility of any future construction or additions. Supporting documentation is available for review. (id:66096)

Property Details

MLS®: X13666510
Property Type: Single Family
Zoning: R2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 350 ft²
Lot Size: 66 × 100 ft (6,600 sq ft)
Frontage: 66 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Crawl space
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Bedroom: 3.05 x 12 meters
Bedroom: 2.44 x 3.05 meters
Kitchen: 3.96 x 2.44 meters
Living room: 3.66 x 4.88 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan
Foundation: Block
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

84d

Welland (Lincoln/Crowland) listings, avg age

72d

Price / ft²

$1,142

List price

$399K

Haho

This 2-bed single family in Welland (Lincoln/Crowland) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by COMFREE · Tatum Fitton

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $399,000, about 6.0× the local median household income of $66,500.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.

Median household income: $66,500
Population: 25,869
Median age: 43.2
Owner / renter: 66% / 35%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3B)

$399,000· $1,142/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$152/mo

Total monthly$2,254

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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