182 COMMERCIAL St
773 - Lincoln/Crowland, Welland, L5B 5Z3
FOR SALE
$684,000
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2
BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX11919424
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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 tocreate a separate basement unit with its own private entranceperfect for rental income ormultigenerational living. Key Features:- Bright and Spacious Layout: An open-concept design with modern finishes, maximizing everysquare foot. - Turnkey Condition: Brand-new construction with premium materials and attention to detailthroughout. - Basement Duplex Potential: Fully framed for a secondary unit, featuring a private entrance, aseparate 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, thisproperty checks all the boxes. Don't miss outschedule your showing today! Builder can build the bottom unit for an additional fee.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-27 | 2025-01-11 | 45 | $684,000 | - | Terminated |
| 2024-11-26 | 2025-01-10 | 45 | $684,000 | - | Terminated |
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Property Details
Street
Community
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 |
|---|---|---|---|
| Laundry | In Betwn | 5.22' x 4.63' | |
| Prim Bdrm | Main | 13.19' x 11.68' | |
| 2nd Br | Main | 14.37' x 10.79' | |
| Other | Main | 8.17' x 6.76' | |
| Bathroom | Main | 5.25' x 3.51' | |
| Dining | Main | 9.15' x 10.89' | Open Concept |
| Bathroom | Main | 8.20' x 6.76' | 3 Pc Bath |
| Kitchen | 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 $268,423 (64.6%) higher than the average sold price of $415,577 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom home in Welland declined by $44,034 (9.6%) compared to the previous 30 day period (November 19 - December 18) and down $44,423 (9.7%) from the same time one year ago.Inventory Change
There were 27 2-bedroom homes listed in Welland over the last 30 days (December 19 - January 17), which is up 170.0% compared with the previous 30 day period (November 19 - December 18) and up 350.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Welland typically sold ($4,681) (1.1%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,152 increase compared to the previous 30 day period (November 19 - December 18) and ($11,940) 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 (December 19 - January 17) stood at 181.5%, down from 360.0% over the previous 30 days (November 19 - December 18) and up from 83.3% 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 25 days when successfully sold over the last 30 days (December 19 - January 17), compared to 86 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Summit Realty Inc.
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Duplex Detached property in great area of Welland, only a short walk to Niagara College. 2 Bedroom upper unit. 3 Bedroom lower unit. 2 parking spaces. Lots of recent upgrades to flooring and paint. Well taken care of home. Easy living for 2 separate units or 1 big family. Home offers 5 bedrooms, 2 kitchens and 2 bathrooms. Vacant Possession. Over 4k in Rent.
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