$549,900

For sale

287 SANTONE Avenue, Welland - Single Family for Sale

287 SANTONE Avenue, Welland, Ontario, L3C2J7

5 beds2 baths4 parking919 ft²Listed 48 days ago

Overview

This 5-bedroom, 2-bathroom home in Welland is for sale offering roughly 919 sq ft of space. Listed at $549,900, it is attractively priced about 6% below the $585,000 median asking price in Welland. It has been on the market 48 days, fresher than the Welland average of 79 days.

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Description

Updated bungalow located on a quiet street in South Welland. The entire home has been renovated within the last ten years, offering modern updates while maintaining the comfort and appeal of a bungalow-style home. Featuring two separate living units, this property offers an excellent opportunity for homeowners looking to offset their mortgage or investors seeking additional rental income. The main level provides comfortable living space, while the basement features a separate unit that is currently rented, providing immediate supplemental income. The flexible layout makes this home an attractive option for a first-time buyer looking to reduce monthly carrying costs, a multi-generational family, or an investor seeking a property with income potential. Located in a peaceful residential neighbourhood with convenient access to local amenities, schools, shopping, parks, and transportation, this renovated South Welland bungalow offers the combination of comfortable living, flexibility, and rental income potential. (id:66096)

Property Details

MLS®: 40864384
Property Type: Single Family
Zoning: RL1
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 4
Interior Size: 919 ft²
Frontage: 45 ft
Year Built: 1964
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $3,233/yr
Listed

Rooms

Basement

Bedroom: 7'7'' x 10'4''
Utility room: 8'3'' x 12'1''
4pc Bathroom: 6'7'' x 7'6''
Bedroom: 12'0'' x 8'11''
Kitchen: 17'2'' x 10'9''
Recreation room: 17'4'' x 21'5''

Main level

3pc Bathroom: 4'10'' x 8'0''
Primary Bedroom: 11'1'' x 11'3''
Bedroom: 10'10'' x 9'1''
Bedroom: 9'5'' x 11'3''

Features

Appliances: Water softener
Foundation: Block
Exterior: Brick, Stone, Vinyl siding
Lot Features: Cul-de-sac, Paved driveway, In-Law Suite

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Welland listings, avg age

79d

Price / ft²

$598

List price

$550K

Haho

This 5-bed single family in Welland has been listed for 48 days, which is 31 days fresher than the city average of 79. Act while there is still low competition.

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Listed by Michael St. Jean Realty Inc. · Michael St. Jean

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3C)

This home lists at $549,900, about 7.0× the local median household income of $78,500.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.

Median household income: $78,500
Population: 33,462
Median age: 45.6
Owner / renter: 73% / 27%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L3C)

$549,900· $598/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$269/mo

Total monthly$3,152

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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