$399,900

For sale

28 ASHER Street, Welland (Welland Downtown), Ontario, L3B4J1

3 bd2 ba5 pk1,300 ft²Lot size 31 × 100 ft (3,080 sq ft)

Listed by ROYAL LEPAGE NRC REALTY

15 Asher Street, Welland (Welland Downtown), Ontario, L3B4H9

For sale

24 days ago

$395K

15 Asher Street, Welland (Welland Downtown), Ontario, L3B4H9

5 bd6 ba2 pk1,300 ft²Lot size 31 × 107 ft (3,305 sq ft)

Listed by RIGHT AT HOME REALTY

233 King Street, Welland (Welland Downtown), Ontario, L3B3J6

For sale

33 days ago

$399K

233 King Street, Welland (Welland Downtown), Ontario, L3B3J6

6 bd3 ba6 pk2,250 ft²Lot size 33 × 99 ft (3,287 sq ft)

Listed by RE/MAX REAL ESTATE CENTRE INC.

15 MARGERY Road, Welland (Welland Downtown), Ontario, L3B2P5

For sale

41 days ago

$350K

15 MARGERY Road, Welland (Welland Downtown), Ontario, L3B2P5

3 bd1 ba1 pk1,750 ft²Lot size 35 × 113 ft (3,955 sq ft)

Listed by EXP REALTY

Investment analysis

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$399,900

Welland

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28 Grove Street, Welland (Welland Downtown) - Single Family for Sale

28 Grove Street, Welland (Welland Downtown), Ontario, L3B4B4

5 beds3 baths1 parking32 × 92 ft (2,926 sq ft) lot sizeListed 119 days ago

Overview

This 5-bedroom, 3-bathroom home in Welland is for sale. Listed at $399,900, it is attractively priced about 13% below the $459,900 median asking price in Welland.

Houses for Sale in Welland →All real estate in Welland →

Description

High-Yield Potential in the Heart of WellandAttention investors and house-hackers! This solid-brick 2-storey home at 28 Grove St offers an opportunity to build equity in a growing market. Currently configured as a duplex, this property features a 1-bedroom, 1-bath unit on the main floor and a sprawling upper unit with a flexible layout capable of accommodating up to 4 bedrooms.The building is rich with original character-think solid wood trim, pocket doors, and classic fireplace mantels-providing the perfect canvas for a modern renovation. With two hydro meters already in place, one gas meter, and a mix of on-lot and street parking, the infrastructure for a high-performing rental is here. Property sold "AS IS," making it the perfect project for those looking to add significant value. Roof replaced 2023 (id:66096)

Property Details

MLS®: X13541174
Property Type: Single Family
Zoning: RL2
Bedrooms: 5
Beds (above / below): 1 above · 4 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Lot Size: 32 × 92 ft (2,926 sq ft)
Frontage: 32 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,377/yr
Listed: 119 days ago

Rooms

Main level

Bedroom: 3.85 x 3.91 meters
Living room: 4.01 x 4.77 meters
Kitchen: 3.03 x 3.38 meters
Foyer: 2.64 x 3.58 meters

Third level

Other: 2.24 x 2.3 meters
Bedroom 4: 3.84 x 4.19 meters
Bedroom 5: 4.31 x 2.82 meters

Second level

Kitchen: 3.88 x 2.63 meters
Bedroom 2: 3.45 x 3.77 meters
Bedroom 3: 2.16 x 3.47 meters
Living room: 4.07 x 3.58 meters

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

Features

Appliances: Water meter
Foundation: Unknown
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

119d

Welland (Welland Downtown) listings, avg age

88d

List price

$400K

Haho

This 5-bed single family in Welland (Welland Downtown) 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 REAL BROKER ONTARIO LTD. · Stephen Canjar

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $399,900, about 6.0× the local median household income of $66,500.

Carrying it typically needs a household income of about $78,114 (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)

$399,900

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$198/mo

Total monthly$2,304

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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