$499,900

For saleJust listed

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 Today

Overview

This 4-bedroom, 3-bathroom home in Welland is for sale offering roughly 1,917 sq ft of space. Listed at $499,900, it is attractively priced about 14% below the $584,500 median asking price in Welland. It has been on the market 0 days, fresher than the Welland average of 80 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 unit =$1850 plus hydro. Upper Unit = $1450 plus hydro, $3300/month total. (id:66096)

Property Details

MLS®: 40876113
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

Welland listings, avg age

80d

Price / ft²

$261

List price

$500K

Haho

This 4-bed single family in Welland has been listed for 0 days, which is 80 days fresher than the city average of 80. 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 $499,900, about 7.5× the local median household income of $66,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 47% 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)

$499,900· $261/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$223/mo

Total monthly$2,856

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

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