$299,900

$325,000For salePrice drop↓ $25,100 (8%)

24 Fifth Street, Welland (Lincoln/Crowland) - Single Family for Sale

24 Fifth Street, Welland (Lincoln/Crowland), Ontario, L3B4Z3

3 beds2 baths3 parking1,300 ft²35 × 68 ft (2,336 sq ft) lot sizeListed 44 days ago

Overview

This 3-bedroom, 2-bathroom home in Welland is for sale offering roughly 1,300 sq ft of space. Listed at $299,900, it is attractively priced about 31% below the $434,900 median asking price in Welland. It has been on the market 44 days, fresher than the Welland average of 73 days.

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Description

Calling all first-time home buyers looking to break into the market! Welcome to 24 5th Avenue in Welland, an affordable 3-bedroom, 1.5-bathroom home that offers a great opportunity to make the move from renting to owning. The home has seen several important updates over the years, including the furnace and central air approximately 5 years ago, hot water tank in 2016 and roof approximately 10 years ago. There's also a detached single-car garage, plus a bonus shower in the basement. Outside, the manageable 34 x 66 ft lot gives you your own outdoor space without spending every weekend maintaining it. With three bedrooms, a garage and plenty of potential to make it your own, this is a great place to start building some equity instead of paying someone else's mortgage. (id:66096)

Property Details

MLS®: X13811684
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 35 × 68 ft (2,336 sq ft)
Frontage: 35 ft
Storeys: 1
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $1,597/yr

Rooms

Main level

Kitchen: 5.27 x 2.32 meters
Dining room: 4.27 x 2.38 meters
Living room: 2.99 x 3.08 meters
Sunroom: 4.69 x 1.77 meters

Second level

Bedroom: 3.35 x 2.44 meters
Bedroom 2: 3.35 x 2.44 meters
Bedroom 3: 5.4 x 2.84 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, Stove, Dryer, Microwave
Foundation: Concrete
Exterior: Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Welland (Lincoln/Crowland) listings, avg age

73d

Price / ft²

$231

List price

$300K

Haho

This 3-bed single family in Welland (Lincoln/Crowland) has been listed for 44 days, which is 29 days fresher than the city average of 73. Act while there is still low competition.

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Listed by ROYAL LEPAGE NRC REALTY · CARLIE SMITH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $299,900, about 4.5× the local median household income of $66,500.

Carrying it typically needs a household income of about $58,581 (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)

$299,900· $231/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$133/mo

Total monthly$1,713

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$2,974

Est. closing costs$3,400

Total cash needed$21,369

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