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$499,000
Welland
149 Rice Road, Welland (N. Welland), Ontario, L3C2V7
This 3-bedroom, 3-bathroom home in Welland is for sale offering roughly 1,750 sq ft of space. Listed at $499,000, it is attractively priced about 22% below the $640,900 median asking price in Welland. It has been on the market 44 days, fresher than the Welland average of 59 days.
Nestled on an impressive 88 ft x 198 ft lot, this property presents a rare opportunity to own a spacious home with exceptional potential in a sought-after location. Featuring 3 bedrooms, a dedicated Studio Apartment, an inground swimming pool, and a generous backyard, the property offers an outstanding foundation for a family home, renovation project, or investment opportunity. Ideally situated within walking distance to Niagara College, the location adds significant appeal for investors and those seeking strong rental potential, making this a property worth exploring. The home requires updates and improvements, providing the next owner with the opportunity to renovate, modernize, and customize the space to suit their vision while unlocking its full potential. With its expansive lot, desirable features, excellent location, and tremendous upside, this property offers plenty of possibilities for investors, renovators, or buyers looking to create value. Priced to reflect the work required, this is an opportunity to bring your vision to life and transform this property into something truly special. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 59 days across the listings currently for sale in this city
This 3-bed single family in Welland (N. Welland) has been listed for 44 days, which is 15 days fresher than the city average of 59. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 6.4× the local median household income of $78,500.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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