164 THOROLD Rd

Welland, L3C 3V6
FOR SALE
$1,299,900
164 THOROLD Rd, Welland
164 THOROLD Rd
164 THOROLD Rd
164 THOROLD Rd
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164 THOROLD Rd
164 THOROLD Rd
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164 THOROLD Rd
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164 THOROLD Rd
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
12
ROOMS
X9272340
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Property Description
Prime development opportunity at 164 Thorold Road in the heart of Welland! This expansive 120ftx 275ft lot offers immense potential for a savvy investor or developer. With future development possibilities for lot severance to build townhouses, a multi-residential building, or an apartment complex, this property is ideal for those looking to maximize their investment potential. Currently, a 2-storey character home sits on the lot, offering 2,600 sqft of living space with 3 bedrooms, 2 bathrooms, and a large 4-season sunroom. While the home has its charm, the real value lies in the land and the possibilities it holds. The existing house features an oversized driveway, double detached garage, and a large front porch. Inside, youll find oversized windows, high ceilings, an open-concept dining/kitchen area, and multiple flexible spaces like a great room that could be used as an office, playroom, or additional living area. Upstairs, the primary bedroom includes an ensuite, and the shared spa-like bathroom features a soaker tub surrounded by classic columns. Beyond the home, the backyard extends into a deep lot with ample space for future development projects. Whether youre looking to subdivide and sell lots, develop multi-unit residences, or create a residential-commercial hybrid, the options are vast. The location and lot size offer the perfect foundation for new construction in a growing area. With this property, youre truly selling the land more than the house an incredible investment opportunity to unlock the full potential of this prime piece of real estate!
Property Details
Property Type
Detached, 2-Storey
Lot Size
120' x 275'
Fronting
North
Taxes
$3,662 (2023)
Basement
Unfinished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain16.99' x 10.99'
DiningMain10.99' x 21.00'
LivingMain24.02' x 16.01'
FamilyMain12.99' x 12.99'
DenMain12.01' x 12.01'
OtherMain10.01' x 20.01'
Prim Bdrm2nd14.99' x 18.01'3 Pc Bath
Br2nd14.99' x 18.01'
Br2nd12.01' x 18.01'
Welland Market Statistics
Welland Price Trend
164 THOROLD Rd is a 3-bedroom 3-bathroom home listed for sale at $1,299,900, which is $724,730 (126.0%) higher than the average sold price of $575,170 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $1,806 (0.3%) compared to the previous 30 day period (July 22 - August 20) and down $16,258 (2.7%) from the same time one year ago.
Inventory Change
There were 49 3-bedroom homes listed in Welland over the last 30 days (August 21 - September 19), which is up 36.1% compared with the previous 30 day period (July 22 - August 20) and up 75.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($14,327) (2.5%) below asking price over the last 30 days (August 21 - September 19), which represents a $1 decrease compared to the previous 30 day period (July 22 - August 20) and ($12,380) less 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 (August 21 - September 19) stood at 1,320.4%, down from 3,611.1% over the previous 30 days (July 22 - August 20) and up from 75.0% 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 19 days when successfully sold over the last 30 days (August 21 - September 19), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Niagara Realty Ltd.
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