121 Forks Rd
774 - Dain City, Welland, L3B 5K6
FOR SALE
$549,999
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Property Description
Nestled in the thriving Forks Road area of Dain City, this clean, well-maintained bungalow offers an extraordinary opportunity to own a property in one of the most dynamic and rapidly growing communities in the region. Whether you're envisioning your first home, seeking a solid investment opportunity, or planning to downsize, this property caters to every lifestyle and aspiration. The lot itself offers tremendous versatility, serving as a canvas for your dream home or a valuable investment opportunity with potential for expansion or redevelopment. This property has a very generously sized lot, fully fenced yard, a spacious back deck, and ample space for outdoor enjoyment. The main floor has two well-lit and inviting bedrooms, a newly renovated 4-piece bathroom, living room with fireplace and kitchen, ideal for a couple, a small family, or retirees. The lower level includes an office that can double as a third bedroom, 2-piece powder room, and a large sized recreational area, perfect for hosting friends and family. What truly sets this property apart is its location. Dain City is at the forefront of Wellands transformation, emerging as a hub of modern living and development. The areas revitalized infrastructure has significantly enhanced its connectivity and convenience, making it a highly sought-after destination for families, professionals, and retirees alike. Dain City is known for its unique blend of natural beauty, recreational opportunities, and community-driven amenities. As part of a growing residential hub, Dain City is poised for significant expansion, with over 2,000 approved housing units set to transform the area into a vibrant and diverse neighborhood. Plans for new schools, green spaces, and mixed-use developments will further enhance the community's appeal, making it a magnet for families, young professionals and retirees while also providing unique opportunities for early investors to capitalize on the areas upward trajectory.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
80' x 120'
Fronting
South
Taxes
$3,265 (2024)
Basement
Finished
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.09' x 18.47' | |
| Kitchen | Main | 9.28' x 14.40' | |
| Br | Main | 8.10' x 11.48' | |
| 2nd Br | Main | 8.99' x 11.48' | |
| Rec | Bsmt | 12.11' x 22.70' | |
| Office | Bsmt | 6.59' x 10.70' | |
| Furnace | Bsmt | 9.12' x 20.31' |
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Welland Market Statistics
Welland Price Trend
121 Forks Rd is a 3-bedroom 2-bathroom home listed for sale at $549,999, which is $138,436 (33.6%) higher than the average sold price of $411,563 in the last 30 days (December 8 - January 6). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $104,591 (20.3%) compared to the previous 30 day period (November 8 - December 7) and down $102,437 (19.9%) from the same time one year ago.Inventory Change
There were 28 3-bedroom homes listed in Welland over the last 30 days (December 8 - January 6), which is down 28.2% compared with the previous 30 day period (November 8 - December 7) and up 460.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($3,935) (1.0%) below asking price over the last 30 days (December 8 - January 6), which represents a $6,391 increase compared to the previous 30 day period (November 8 - December 7) and ($24,899) 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 (December 8 - January 6) stood at 860.7%, down from 2,243.6% over the previous 30 days (November 8 - December 7) and up from 200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Welland stood at 21 days when successfully sold over the last 30 days (December 8 - January 6), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc., Brokerage
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