$524,900

For sale

50 FIFTH Street, Welland - Single Family for Sale

50 FIFTH Street, Welland, Ontario, L3B4Z5

4 beds3 baths4 parking1,917 ft²6,621 sq ft (0.15 ac) lot sizeListed 30 days ago

Overview

This 4-bedroom, 3-bathroom home in Welland is for sale offering roughly 1,917 sq ft of space. Listed at $524,900, it is attractively priced about 10% below the $585,000 median asking price in Welland. It has been on the market 30 days, fresher than the Welland average of 79 days.

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Description

Excellent duplex opportunity in the heart of Welland! Whether you're an investor looking for steady cash flow or a first-time buyer hoping to offset your mortgage, this updated duplex checks all the boxes. Both units offer modern updates, including refreshed kitchens, bathrooms, flooring, paint, and contemporary finishes throughout. Situated on a deep lot in a convenient location close to Welland County General Hospital, schools, parks, shopping, and everyday amenities. Photos were taken prior to the current tenants moving in. A fantastic opportunity to step into the market with an income-producing property in a growing Niagara community. Zoning allows short-term rentals. Main level unit is vacant. Upper Unit = $1450 plus hydro (id:66096)

Property Details

MLS®: 40869498
Property Type: Single Family
Zoning: RM2
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Parking: 4
Interior Size: 1,917 ft²
Lot Size: 6,621 sq ft (0.15 ac)
Frontage: 40 ft
Storeys: 1
Style: Contemporary
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage
Ownership: Freehold
Property Tax

Rooms

Basement

3pc Bathroom: 7' x 9'
Primary Bedroom: 13'2'' x 13'6''
Bedroom: 8'0'' x 9'4''

Second level

Kitchen: 6'0'' x 11'9''
Living room: 10'0'' x 23'0''
Bedroom: 9'0'' x 10'11''
Bedroom: 10'11'' x 10'7''
4pc Bathroom: 5'6'' x 11'9''

Main level

3pc Bathroom: 7' x 9'
Living room

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Foundation: Block
Exterior: Vinyl siding
Lot Features: 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

30d

Welland listings, avg age

79d

Price / ft²

$274

List price

$525K

Haho

This 4-bed single family in Welland has been listed for 30 days, which is 49 days fresher than the city average of 79. Act while there is still low competition.

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Listed by Kayla Smith

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $524,900, about 7.9× the local median household income of $66,500.

Carrying it typically needs a household income of about $102,531 (20% down, 25-yr amortization, stress-tested) — roughly 54% 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)

$524,900· $274/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,490

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,896 capitalized)

Property tax (est.)$223/mo

Total monthly$2,981

Cash Needed to Close

Down payment (5.24%)$27,490

Land transfer tax$6,973

Est. closing costs$4,075

Total cash needed$38,538

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