$549,900

$599,900For salePrice drop↓ $50,000 (8%)

387 First Avenue, Welland (N. Welland) - Single Family for Sale

387 First Avenue, Welland (N. Welland), Ontario, L3C5R3

6 beds2 baths3 parking900 ft²33 × 112 ft (3,696 sq ft) lot sizeListed 49 days ago

Overview

This 6-bedroom, 2-bathroom home in Welland is for sale offering roughly 900 sq ft of space. Listed at $549,900, it is attractively priced about 14% below the $640,900 median asking price in Welland. It has been on the market 49 days, fresher than the Welland average of 59 days.

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Description

TURN KEY, READY TO GO INCOME PRODUCING INVESTMENT PROPERTY! Versatile layout with 2 units / InLaw Suite. Upper Unit: 3 bedrooms, 4pc bath, kitchen, dining room, living room, separate entrance Lower Unit: 3 bedrooms, 3pc bath, kitchen, living room, separate entrance.Plenty of updates: fresh paint, newer roof shingles, vinyl windows and more.Safety features: Emergency lighting on every floor by the exits, Hardwired-Interconnected Smoke/CO Fire alarms on every level, sprinkler heads in the furnace room, 5/8" Fire-Rated drywall and Fire-Rated steel doors throughout the lower level. Every bedroom has a large egress window. Location: Just down the street from Niagara College, on the bus route to Brock University and all the other surrounding schools. Perfect home for Niagara College AND Brock University Students!! Quick drive to HWY 406 and HWY 20. This is truly a smart investment for families and investors. Come see it today! (id:66096)

Property Details

MLS®: X13804364
Property Type: Single Family
Zoning: RL2
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 33 × 112 ft (3,696 sq ft)
Frontage: 33 ft
Basement: Finished, Apartment in basement, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,081/yr
Listed: 49 days ago

Rooms

Main level

Living room: 5.79 x 3.76 meters
Kitchen: 3.3 x 2.67 meters
Dining room: 2.93 x 3.17 meters

Basement

Laundry room: 1.55 x 1.71 meters
Recreational, Games room: 3.1 x 3.99 meters
Kitchen: 3.04 x 2.57 meters
Furnace: 2.1 x 1.71 meters

Second level

Primary Bedroom: 3.98 x 3.06 meters
Bedroom 2: 2.73 x 3.48 meters

Features

Appliances: Water meter
Foundation: Poured Concrete
Exterior: Aluminum siding, Brick Facing
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Welland (N. Welland) listings, avg age

59d

Price / ft²

$611

List price

$550K

Haho

This 6-bed single family in Welland (N. Welland) has been listed for 49 days, which is 10 days fresher than the city average of 59. Act while there is still low competition.

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Listed by Century 21 Heritage House LTD · Joe Aubertin

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· $611/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.)$257/mo

Total monthly$3,139

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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