23 Franklin St
Welland, L3C 1R6
FOR SALE
$560,000
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Property Description
Must be seen !!! Tons of potential in this very bright and spacious detached 4 BR home. [All 4 BR on 2nd floor with a 4pcs. washroom] plus a huge attic that has potential for additional 2 BR. Located in a very demand area in downtown Welland. Perfect for a large family /investors/ renovators/flippers who can use their imagination to do a little renovations and live a modernize home. Main floor offers a unfinished potential 2nd full washroom, just some more work needed to complete, huge upgraded family size kitchen, Large combine living and dining room with wood flooring , laundry area , a good size solarium overlooking a big backyard and a large driveway with potential for 4 - 6 parking. Easy access to shopping ,schools, university and Hwy.
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Extras
Existing fridge , stove, washer, dryer and B/I dishwasher [ all appliances is in working order but no warranty] all light fixtures
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Property Details
Street
City
Property Type
Detached, 2-Storey
Lot Size
52' x 157'
Acreage
< .50
Lot Irregularities
As Per Survey
Fronting
South
Taxes
$2,790 (2023)
Basement
Unfinished
Exterior
Other, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
None
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Welland Market Statistics
Welland Price Trend
23 Franklin St is a 4-bedroom 1-bathroom home listed for sale at $560,000, which is $210,892 (27.4%) lower than the average sold price of $770,892 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 4 bedroom home in Welland increased by $20,892 (2.8%) compared to the previous 30 day period (February 28 - March 28) and up $72,892 (10.4%) from the same time one year ago.Inventory Change
There were 17 4-bedroom homes listed in Welland over the last 30 days (March 29 - April 27), which is down 32.0% compared with the previous 30 day period (February 28 - March 28) and up 70.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold ($11,471) (1.5%) below asking price over the last 30 days (March 29 - April 27), which represents a $2,529 increase compared to the previous 30 day period (February 28 - March 28) and ($9,900) 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 4-bedroom homes in Welland over the last 30 days (March 29 - April 27) stood at 82.4%, up from 60.0% over the previous 30 days (February 28 - March 28) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 1-bathroom home in Welland stood at 20 days when successfully sold over the last 30 days (March 29 - April 27), compared to 158 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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