14 Wychwood Rd
Welland, L3C 5V3
FOR SALE
$580,000
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Property Description
Attention First-Time Buyers & Investors!Discover an incredible opportunity in the lively community of North Welland. This well-maintained 4-level backsplit is perfect for new investors, offering great cash flow potential. Alternatively, you can rent out the basement apartment to help subsidize your mortgage. Located just steps from Niagara College, Seaway Mall, and within a 10-minute walk to transit stops, this property is also close to shopping centers, the YMCA, and offers quick access to the 406. Designed as a duplex with dual rental income potential, its an ideal choice for both investors and first-time buyers. With 2 full bathrooms, 2 modernized kitchens, a covered carport, and ample driveway parking, this property provides maximum convenience for tenants. Dont miss the chance to add this valuable asset to your investment portfolio!
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Extras
N/A
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Property Details
Street
City
Property Type
Detached, Backsplit 4
Approximate Sq.Ft.
1100-1500
Lot Size
55' x 120'
Fronting
South
Taxes
$4,167 (2024)
Basement
Apartment, W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Carport
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Welland Market Statistics
Welland Price Trend
14 Wychwood Rd is a 5-bedroom 2-bathroom home listed for sale at $580,000, which is $250,000 (30.1%) lower than the average sold price of $830,000 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 5 bedroom home in Welland increased by $145,000 (21.2%) compared to the previous 30 day period (September 1 - September 30) and up $100,000 (13.7%) from the same time one year ago.Inventory Change
There were 3 5-bedroom homes listed in Welland over the last 30 days (October 1 - October 30), which is down 0.0% compared with the previous 30 day period (September 1 - September 30) and up 200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Welland typically sold ($64,950) (7.8%) below asking price over the last 30 days (October 1 - October 30), which represents a $30,050 decrease compared to the previous 30 day period (September 1 - September 30) and ($119,000) 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 5-bedroom homes in Welland over the last 30 days (October 1 - October 30) stood at 66.7%, down from 100.0% over the previous 30 days (September 1 - September 30) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Welland stood at 74 days when successfully sold over the last 30 days (October 1 - October 30), compared to 77 days before being removed from the market upon being suspended or terminated.Listing contracted with Bay Street Group Inc.
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