112 Dorothy St
768 - Welland Downtown, Welland, L3B 3V9
FOR SALE
$499,900
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3 + 2
BEDROOMS3
BATHROOMS3
KITCHENS12
ROOMSX11882379
MLSIDContact Us
Property Description
Amazing value in this 3-unit property in the heart of Welland!! Fully tenanted to great tenants, this property offers positive cashflow right away! The main floor features a spacious 2BR unit with private entrance at the front of the house. Downstairs, you will find a fully finished 2BR basement apartment with perfect open concept layout. Upstairs, is a charming 1BR unit also with its own private entrance. This property features 3 hydro meters, 3 hot water tanks, plenty of on-site parking and walking distance to the canal, Welland Hospital, restaurants, shops parks and more! Hurry before this perfect investment opportunity passes you by!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-08-25 | 2023-09-01 | 7 | $1,500 | $1,500 | Leased |
| 2023-05-03 | 2023-08-16 | 105 | $1,600 | - | Terminated |
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Triplex, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
36' x 134'
Acreage
< .50
Fronting
North
Taxes
$2,814 (2024)
Basement
Finished, Sep Entrance
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Bsmt | 10.99' x 11.32' | |
| Br | Bsmt | 11.09' x 9.58' | |
| Kitchen | Bsmt | 10.76' x 13.42' | |
| Living | Bsmt | 22.18' x 11.58' | |
| Living | Main | 11.25' x 14.40' | |
| Kitchen | Main | 10.50' x 10.33' | |
| Dining | Main | 11.25' x 11.25' | |
| Br | Main | 11.25' x 8.83' | |
| Br | Main | 12.01' x 9.74' | |
| Br | 2nd | 10.24' x 9.32' | |
| Family | 2nd | 20.18' x 10.76' | |
| Kitchen | 2nd | 20.24' x 9.15' |
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Welland Market Statistics
Welland Price Trend
112 Dorothy St is a 3-bedroom 3-bathroom home listed for sale at $499,900, which is $50,119 (11.1%) higher than the average sold price of $449,781 in the last 30 days (November 18 - December 17). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $73,927 (14.1%) compared to the previous 30 day period (October 19 - November 17) and down $70,219 (13.5%) from the same time one year ago.Inventory Change
There were 22 3-bedroom homes listed in Welland over the last 30 days (November 18 - December 17), which is down 52.2% compared with the previous 30 day period (October 19 - November 17) and up 10.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($5,718) (1.3%) below asking price over the last 30 days (November 18 - December 17), which represents a $5,715 increase compared to the previous 30 day period (October 19 - November 17) and ($27,630) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Welland over the last 30 days (November 18 - December 17) stood at 459.1%, down from 2,043.5% over the previous 30 days (October 19 - November 17) and up from 65.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Welland stood at 18 days when successfully sold over the last 30 days (November 18 - December 17), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage State Realty
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