149 Rice Rd

Welland, L3C 2V7
FOR SALE
$789,000
149 Rice Rd, Welland
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3 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
6
ROOMS
X8198324
MLSID
Contact Us
Property Description
Welcome to 149 Rice Road in beautiful Welland. This giant 88x198 foot lot opportunity. Potential income from upstairs and basement studio apartment can be rented out with separate entrance. Great location, close to college.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-03-08 2022-05-07 59 $2,194 $2,600 Leased
Property Details
Street
Property Type
Detached, 1 1/2 Storey
Lot Size
88' x 198'
Acreage
< .50
Fronting
North
Taxes
$4,411 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
Welland Market Statistics
Welland Price Trend
149 Rice Rd is a 3-bedroom 3-bathroom home listed for sale at $789,000, which is $156,884 (24.8%) higher than the average sold price of $632,116 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $2,484 (0.4%) compared to the previous 30 day period (March 3 - April 1) and up $25,116 (4.1%) from the same time one year ago.
Inventory Change
There were 31 3-bedroom homes listed in Welland over the last 30 days (April 2 - May 1), which is down 6.1% compared with the previous 30 day period (March 3 - April 1) and up 19.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($13,183) (2.1%) below asking price over the last 30 days (April 2 - May 1), which represents a $6,899 decrease compared to the previous 30 day period (March 3 - April 1) and ($20,258) 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 (April 2 - May 1) stood at 96.8%, up from 75.8% over the previous 30 days (March 3 - April 1) and up from 65.4% 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 27 days when successfully sold over the last 30 days (April 2 - May 1), compared to 113 days before being removed from the market upon being suspended or terminated.
Listing contracted with Ipro Realty Ltd
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