262 First Ave

FOR SALE
$569,900
262 First Ave, Welland
262 First Ave
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
X11908235
MLSID
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Property Description
4 Bedroom 2 Bathroom 4 Level Backsplit on large corner lot with long 8 car driveway! Updated luxury vinyl floors throughout the open concept, living room, and dining room. Updated kitchen with quartz counters and under-mount sink. 3 Bedrooms upstairs and 4PC bath. Lower level features large windows and private separate entrance, 4th bedroom, large recreation room and basement level with tons of storage and a workshop. Large private fully fenced backyard. Updated high efficiency furnace, most windows updated 2009. Kitchen updated 2022. Luxury vinyl flooring updated 2022. Huge asphalt driveway offering parking for 8 cars. Incredible location short walking distance to Niagara college, elementary schools, shopping, parks, transit, easy highway access.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-05 2024-12-12 68 $569,900 - Terminated
2024-07-10 2024-10-03 85 $579,900 - Terminated
2024-07-11 2024-10-06 87 $579,900 - Terminated
Property Details
Street
Property Type
Detached, Backsplit 4
Approximate Sq.Ft.
1100-1500
Lot Size
55' x 127'
Fronting
East
Taxes
$3,518 (2024)
Basement
Sep Entrance, Walk-Up
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain20.01' x 12.17'
DiningMain9.51' x 9.42'
KitchenMain8.43' x 10.33'
Prim Bdrm2nd14.93' x 10.07'
Br2nd11.91' x 8.92'
Br2nd8.99' x 8.99'
RecLower15.16' x 16.67'
BrLower6.99' x 10.99'
OtherBsmt5.09' x 9.42'
LaundryBsmt20.01' x 10.01'
WorkshopBsmt15.68' x 10.76'
Welland Market Statistics
Welland Price Trend
262 First Ave is a 3-bedroom 2-bathroom home listed for sale at $569,900, which is $155,819 (37.6%) higher than the average sold price of $414,081 in the last 30 days (December 10 - January 8). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $89,525 (17.8%) compared to the previous 30 day period (November 10 - December 9) and down $119,252 (22.4%) from the same time one year ago.
Inventory Change
There were 34 3-bedroom homes listed in Welland over the last 30 days (December 10 - January 8), which is down 12.8% compared with the previous 30 day period (November 10 - December 9) and up 466.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($4,046) (1.0%) below asking price over the last 30 days (December 10 - January 8), which represents a $6,300 increase compared to the previous 30 day period (November 10 - December 9) and ($23,799) 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 (December 10 - January 8) stood at 717.6%, down from 2,087.2% over the previous 30 days (November 10 - December 9) and up from 150.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Welland stood at 21 days when successfully sold over the last 30 days (December 10 - January 8), compared to 63 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Niagara Realty Ltd., Brokerage
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