$249,900

For sale

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15 Duncan Street, Welland (Lincoln/Crowland) - Multi-family for Sale

15 Duncan Street, Welland (Lincoln/Crowland), Ontario, L3B2C5

4 beds2 baths4 parking ft²

28 Fifth Street, Welland (Lincoln/Crowland), Ontario, L3B4Z5

5 bd3 ba5 pk1,300 ft²Lot size 23 × 166 ft (3,818 sq ft)

Listed by TRIMAXX REALTY LTD.

26 Balmoral Avenue, Welland (Lincoln/Crowland), Ontario, L3B1S4

For sale

21 days ago

$620K

26 Balmoral Avenue, Welland (Lincoln/Crowland), Ontario, L3B1S4

6 bd3 ba4 pk1,750 ft²Lot size 60 × 80 ft (4,800 sq ft)

89 Sixth Street, Welland (Lincoln/Crowland), Ontario, L3B5A7

2,917 ft²Lot size 35 × 66 ft (2,302 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

For sale

21 days ago

$1.50M

89 Sixth Street, Welland (Lincoln/Crowland), Ontario, L3B5A7

8 bd5 ba5 pk3,250 ft²Lot size 35 × 67 ft (2,328 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

Investment analysis

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$249,900

Welland

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33 × 85 ft (2,805 sq ft) lot size

Overview

This multi-family property in Welland is for sale offering roughly 1,300 sq ft of space. It has been on the market 57 days, fresher than the Welland average of 71 days.

Multi-Family Properties for Sale in Welland →All real estate in Welland →

Description

A unique opportunity for investors, renovators and developers! This two-storey home has been completely gutted and is ready for renovation. Previously used as a duplex, the property offers the potential to be restored as a duplex, converted into a spacious single-family home or possibly redesigned into three smaller one-bedroom units, subject to zoning, municipal approvals and permits. This property is being sold only as part of a package with 13 Duncan Street. See MLS #X13751778. The properties will not be sold separately. (id:66096)

Property Details

MLS®: X13751786
Property Type: Multi-family
Zoning: RL2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 33 × 85 ft (2,805 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Partial
Heating: Other, Other
Garage: No Garage
Property Tax: $2,035/yr
Listed: 57 days ago

Features

Appliances: Water meter
Foundation: Block
Exterior: Vinyl siding
Lot Features: Level

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Welland (Lincoln/Crowland) listings, avg age

71d

Price / ft²

$192

List price

$250K

Haho

This 4-bed multi-family in Welland (Lincoln/Crowland) has been listed for 57 days, which is 14 days fresher than the city average of 71. Act while there is still low competition.

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Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE · ALAIN RABY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $249,900, about 3.8× the local median household income of $66,500.

Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$249,900· $192/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,495

Min 5%50%

Mortgage payment$1,316/mo

↳ CMHC premium ($9,496 capitalized)

Property tax (est.)$170/mo

Total monthly$1,486

Cash Needed to Close

Down payment (5%)$12,495

Land transfer tax$2,224

Est. closing costs$3,250

Total cash needed$17,969

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice