$649,900

$675,000For salePrice drop↓ $25,100 (4%)

8 Downriver Drive, Welland (Dain City) - Single Family for Sale

8 Downriver Drive, Welland (Dain City), Ontario, L3B0M5

5 beds3 baths2 parking2,250 ft²44 × 81 ft (3,514 sq ft) lot sizeListed 40 days ago

Overview

This 5-bedroom, 3-bathroom home in Welland is for sale offering roughly 2,250 sq ft of space. It has been on the market 40 days, fresher than the Welland average of 73 days.

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Description

Welcome to 8 Downriver Drive, Welland! This bright and spacious 2-storey home sits on a desirable corner lot just steps from the Welland Canal. Offering 4+1 bedrooms and 3 bathrooms, the home features a functional layout with plenty of natural light and comfortable living space throughout. All four bedrooms are conveniently located on the second floor along with the laundry room, making everyday living that much easier. The spacious primary bedroom features a walk-in closet and private ensuite. Enjoy the convenience of being close to shopping, schools, parks, restaurants and everyday amenities, while the nearby canal and recreational trails provide a peaceful setting for walking, cycling and enjoying the outdoors. The property is currently tenanted by fantastic tenants who truly love the home and have treated it with great care. A bright, well-kept home with a spacious layout, great location and plenty to offer! (id:66096)

Property Details

MLS®: X13829292
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 44 × 81 ft (3,514 sq ft)
Frontage: 44 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $6,737.42/yr

Rooms

Basement

Bedroom: 3.91 x 3.33 meters

Main level

Sitting room: 3.61 x 3.68 meters
Living room: 4.27 x 3.66 meters
Kitchen: 2.8 x 3.72 meters
Dining room: 2.85 x 3.72 meters

Second level

Bedroom: 3.15 x 4.47 meters
Bedroom: 3.58 x 2.92 meters
Bedroom: 2.95 x 3.15 meters
Primary Bedroom: 4.55 x 4.47 meters

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

Features

Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Ravine

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Welland (Dain City) listings, avg age

73d

Price / ft²

$289

List price

$650K

Haho

This 5-bed single family in Welland (Dain City) has been listed for 40 days, which is 33 days fresher than the city average of 73. Act while there is still low competition.

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Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE · ALAIN RABY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $649,900, about 9.8× the local median household income of $66,500.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 91% 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)

$649,900· $289/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$561/mo

Total monthly$3,943

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$9,473

Est. closing costs$4,450

Total cash needed$53,913

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