225 Chaffey St
773 - Lincoln/Crowland, Welland, L3B 2Y7
FOR SALE
$649,900

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Property Description
Turnkey Duplex with Triplex Potential in the Heart of Welland! This beautifully maintained duplex is a perfect opportunity for house hackers, first-time buyers, or investors looking for a cash-flowing asset. With one unit vacant and the other at market rent, it offers immediate income potential and flexibility. Each spacious 1,000 sqft unit features separate utilities, including individual furnaces, A/C units, hydro meters, gas meters, owned water tanks and dedicated laundry. The property also offers ample parking for 3-4 vehicles. The basement, with a separate backyard entrance and great ceiling height, presents a great opportunity for conversion into a third unit (triplex potential), with key upgrades like sump pump installation and waterproofing already completed. Located in the heart of Welland, this is a rare chance to secure a versatile, income-generating property in a high-demand area!
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
40' x 125'
Fronting
East
Taxes
$2,670 (2024)
Basement
Full, Unfinished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 12.93' x 17.42' | Eat-In Kitchen |
Dining | Main | 9.51' x 13.16' | |
Living | Main | 13.16' x 15.58' | |
Br | Main | 8.99' x 11.32' | |
Br | Main | 8.99' x 11.32' | |
Kitchen | 2nd | 12.34' x 16.17' | Eat-In Kitchen |
Living | 2nd | 13.48' x 16.57' | |
Br | 2nd | 9.32' x 13.48' | |
Br | 2nd | 9.32' x 13.16' |
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Welland Market Statistics
Welland Price Trend
225 Chaffey St is a 4-bedroom 2-bathroom home listed for sale at $649,900, which is $91,313 (16.3%) higher than the average sold price of $558,587 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Welland declined by $135,413 (19.5%) compared to the previous 30 day period (December 22 - January 20) and down $131,413 (19.0%) from the same time one year ago.Inventory Change
There were 24 4-bedroom homes listed in Welland over the last 30 days (January 21 - February 19), which is down 7.7% compared with the previous 30 day period (December 22 - January 20) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold ($6,099) (1.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $21,572 increase compared to the previous 30 day period (December 22 - January 20) and ($24,950) 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 4-bedroom homes in Welland over the last 30 days (January 21 - February 19) stood at 33.3%, up from 26.9% over the previous 30 days (December 22 - January 20) and down from 44.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Welland stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc., Brokerage
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