171 Wallace Ave S
Welland, L3B 1R4
FOR SALE
$549,000
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Property Description
Welcome to 171 Wallace Ave S, a beautifully updated 3+2 bedroom and 3 bathroom, corner-lot raised bungalow in the heart of Welland. Situated on a 45 x 100 ft lot, this home offers a spacious and functional layout, making it perfect for families, investors, or those looking for multi-generational living. Step inside to find a bright and open-concept family room with hardwood flooring, large windows, and pot lights that create a warm and inviting atmosphere. The gourmet kitchen features quartz countertops, a breakfast bar, and ample cabinetry, making it the perfect space for both daily living and entertaining. The primary bedroom boasts a private 3-piece ensuite and a walk-in closet, while two additional well-sized bedrooms offer great space and natural light. The freshly painted finished basement is a standout feature, offering a separate entrance, two additional bedrooms, a full kitchen, and a 4-piece bathroom, providing incredible potential for an in-law suite or rental income. A spacious recreation area completes the lower level, offering additional living space. Outside, the private triple-wide driveway plus detached garage is perfect for multiple vehicles. Conveniently located near parks, schools, public transit, shopping centres, and the Welland Canal, this home is perfectly positioned for both comfort and convenience. This Power of Sale opportunity will not last long.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2022-11-24 | 2022-12-08 | 14 | $748,900 | - | Terminated |
2022-11-24 | 2022-12-08 | 14 | $748,900 | - | Terminated |
2024-07-16 | 2024-07-22 | 6 | $399,900 | $395,000 | Sold |
2024-07-04 | 2024-07-15 | 11 | $499,900 | - | Terminated |
2024-05-27 | 2024-06-25 | 29 | $659,000 | - | Terminated |
2024-02-12 | 2024-05-13 | 91 | $679,900 | - | Expired |
2023-09-11 | 2023-11-30 | 80 | $709,000 | - | Expired |
2023-07-12 | 2023-08-28 | 47 | $750,000 | - | Terminated |
2023-01-03 | 2023-01-16 | 13 | $819,000 | - | Terminated |
2022-11-22 | 2022-12-06 | 14 | $748,900 | - | Terminated |
2022-09-20 | 2022-11-21 | 62 | $749,000 | - | Terminated |
Property Features
Hospital, Park, Public Transit, School
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Property Details
Street
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Lot Size
45' x 100'
Fronting
West
Taxes
$2,850 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Family | Main | 15.94' x 26.38' | Hardwood Floor, Large Window, Pot Lights |
Prim Bdrm | Main | 10.47' x 13.58' | 3 Pc Ensuite, Hardwood Floor, W/I Closet |
2nd Br | Main | 8.43' x 11.38' | Hardwood Floor, Sliding Doors, Large Window |
3rd Br | Main | 10.43' x 11.06' | Hardwood Floor, B/I Closet, Large Closet |
Kitchen | Main | 12.11' x 26.28' | Quartz Counter, Hardwood Floor, Breakfast Bar |
Bathroom | Main | 8.63' x 8.69' | Ceramic Floor, 4 Pc Bath |
Kitchen | Bsmt | 8.69' x 13.29' | |
4th Br | Bsmt | 12.07' x 14.30' | |
5th Br | Bsmt | 12.04' x 14.76' | |
Rec | Bsmt | 12.11' x 14.24' | |
Laundry | Bsmt | 12.63' x 13.06' |
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Welland Market Statistics
Welland Price Trend
171 Wallace Ave S is a 3-bedroom 3-bathroom home listed for sale at $549,000, which is $91,875 (14.3%) lower than the average sold price of $640,875 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Welland increased by $74,907 (13.2%) compared to the previous 30 day period (December 22 - January 20) and up $90,875 (16.5%) from the same time one year ago.Inventory Change
There were 63 3-bedroom homes listed in Welland over the last 30 days (January 21 - February 19), which is down 6.0% compared with the previous 30 day period (December 22 - January 20) and up 215.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($21,878) (3.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $4,692 decrease compared to the previous 30 day period (December 22 - January 20) and ($22,900) 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 (January 21 - February 19) stood at 31.7%, up from 23.9% over the previous 30 days (December 22 - January 20) and down 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 54 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Get Sold Realty Inc.
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