27 Lasalle St
773 - Lincoln/Crowland, Welland, L3B 4J5
FOR SALE
$699,000
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BEDROOMS3
BATHROOMS3
KITCHENS15
ROOMSX10442499
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Property Description
INCREDIBLE Investment Opportunity at 27 Lasalle Street! Discover an exceptional LEGAL TRIPLEX Investment Property with this newly renovated, triplex WITH ONE UNIT VACANT AND OTHER TWO UNITS AT COMPETITIVE MARKET RENTS. Allow your clients to set MARKET RENTS. This charming 2-storey house features three self-contained units, each offering one bedroom, one bathroom, in-suite laundry, and a dedicated parking spot with fully separate entrances as well as tenants paying ALL UTILITIES! This is a PRIME LOCATION: Conveniently situated near parks, schools, Niagara College Welland Campus, churches, and the scenic Welland Canal Parkway, this property is ideal for a variety of tenants. Just a minutes walk to East Main Street, residents enjoy proximity to shops and restaurants, while the Seaway Mall and highway access are only a 5-minute drive away. For leisure, Port Colborne is a quick 12-minute drive. This property is a fantastic choice for investors seeking a high-quality, low-maintenance asset with excellent rental potential. Dont miss out on this rare opportunity schedule your showing today!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-16 | 2024-06-19 | 34 | $1,450 | $1,450 | Leased |
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
35' x 103'
Acreage
< .50
Lot Irregularities
NA
Fronting
East
Taxes
$2,381 (2024)
Basement
Apartment, Finished
Exterior
Stone
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Welland Market Statistics
Welland Price Trend
27 Lasalle St is a 3-bedroom 3-bathroom home listed for sale at $699,000, which is $180,630 (34.8%) higher than the average sold price of $518,370 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $113,443 (18.0%) compared to the previous 30 day period (September 24 - October 23) and down $25,005 (4.6%) from the same time one year ago.Inventory Change
There were 39 3-bedroom homes listed in Welland over the last 30 days (October 24 - November 22), which is up 11.4% compared with the previous 30 day period (September 24 - October 23) and up 39.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($10,694) (2.1%) below asking price over the last 30 days (October 24 - November 22), which represents a $6,046 increase compared to the previous 30 day period (September 24 - October 23) and ($19,231) 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 (October 24 - November 22) stood at 2,351.3%, up from 145.7% over the previous 30 days (September 24 - October 23) and up from 28.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Welland stood at 21 days when successfully sold over the last 30 days (October 24 - November 22), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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