182 Commercial St
Welland, L3B 5Z3
FOR SALE
$684,000
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2
BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX11179057
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Property Description
Modern New Build with Duplex Potential Ideal Investment Opportunity Meticulously designed home boasting 1,260 square feet of stylish and functional living space.Perfectly suited for homeowners or investors, this property offers a unique opportunity to create a separate basement unit with its own private entrance perfect for rental income or multigenerational living.Key Features: Bright and Spacious Layout: An open-concept design with modern finishes, maximizing every square foot.Turnkey Condition: Brand-new construction with premium materials and attention to detail throughout. Basement Duplex Potential: Fully framed for a secondary unit, featuring a private entrance, a separate electrical panel and meter, and the potential to generate rental income that could help pay your mortgage. Energy-Efficient Design: Built with efficiency in mind to keep utility costs low.Convenient Location: Nestled in a desirable neighborhood close to schools, parks, shopping,and public transit.Whether youre looking for a cozy family home or an investment with income potential, this property checks all the boxes. Dont miss out schedule your showing today!Builder can build the 980 sqft lower level dwelling for a fee, rough ins are already included.
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Property Details
Street
City
Property Type
Duplex, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Lot Size
32' x 100'
Acreage
< .50
Fronting
East
Basement
Unfinished
Exterior
Stone, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Available
Garage Type
Built-In
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Br | Main | 13.19' x 11.68' | |
2nd Br | Main | 14.37' x 10.79' | |
Living | Main | 26.18' x 11.75' | |
Dining | Main | 9.15' x 10.89' | |
Kitchen | Main | 11.78' x 10.89' | |
Laundry | In Betwn | 5.22' x 4.63' | |
Bathroom | Main | 8.20' x 6.76' | 3 Pc Bath |
Bathroom | Main | 5.25' x 3.48' | 2 Pc Bath |
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Welland Market Statistics
Welland Price Trend
182 Commercial St is a 2-bedroom 2-bathroom home listed for sale at $684,000, which is $216,254 (46.2%) higher than the average sold price of $467,746 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 2 bedroom home in Welland declined by $45,227 (8.8%) compared to the previous 30 day period (October 4 - November 2) and down $72,254 (13.4%) from the same time one year ago.Inventory Change
There were 16 2-bedroom homes listed in Welland over the last 30 days (November 3 - December 2), which is up 45.5% compared with the previous 30 day period (October 4 - November 2) and up 45.5% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Welland typically sold ($8,801) (1.9%) below asking price over the last 30 days (November 3 - December 2), which represents a $6,863 increase compared to the previous 30 day period (October 4 - November 2) and ($19,900) 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 2-bedroom homes in Welland over the last 30 days (November 3 - December 2) stood at 2,543.8%, up from 190.9% over the previous 30 days (October 4 - November 2) and up from 45.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Welland stood at 33 days when successfully sold over the last 30 days (November 3 - December 2), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Summit Realty Inc.
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