286 Wallace Ave S
Welland, L3B 1R9
FOR SALE
$579,900
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Property Description
Welcome to ideal investment opportunity for investors or first time buyers! This duplex total of 5 bedrooms and 3 baths offering approximately 1900 sq ft living space, the main floor unit offers a 2 bedroom unit with a beautiful updated eat-in kitchen with breakfast bar, 3 piece bath, a finished basement, rec room with office and a 3 piece bath and laundry. The upstairs unit (with separate entrance) has a kitchen, 3 bedrooms and a 4 piece bath. Laminate flooring on main and upper level. There is a huge deep detached garage 30'4" x 10'8"with attached workshop/hobby room/man cave 20'8" x8', both with hydro. Front and rear yard are fenced and there is a covered patio in backyard. Close to schools, shopping, Welland Canal recreational waterway and Hwy 406.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2019-06-03 | 2019-09-30 | 119 | $369,900 | - | Expired |
Property Features
Place Of Worship, Public Transit, School
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Property Details
Street
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
45' x 100'
Fronting
South
Taxes
$2,790 (2024)
Basement
Finished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.58' x 11.75' | |
| Dining | Main | 8.23' x 13.25' | |
| Br | Main | 8.60' x 14.57' | |
| 2nd Br | Main | 11.25' x 13.16' | |
| Rec | Lower | 11.75' x 22.41' | |
| Kitchen | 2nd | 6.50' x 11.15' | |
| Br | 2nd | 7.35' x 10.33' | |
| 2nd Br | 2nd | 6.50' x 11.15' | |
| 3rd Br | 2nd | 6.89' x 10.17' |
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Welland Market Statistics
Welland Price Trend
286 Wallace Ave S is a 4-bedroom 3-bathroom home listed for sale at $579,900, which is $63,242 (9.8%) lower than the average sold price of $643,142 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Welland increased by $898 (0.1%) compared to the previous 30 day period (July 22 - August 20) and down $87,733 (12.0%) from the same time one year ago.Inventory Change
There were 30 4-bedroom homes listed in Welland over the last 30 days (August 21 - September 19), which is up 87.5% compared with the previous 30 day period (July 22 - August 20) and up 114.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold ($15,874) (2.5%) below asking price over the last 30 days (August 21 - September 19), which represents a $3 decrease compared to the previous 30 day period (July 22 - August 20) and ($32,639) 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 (August 21 - September 19) stood at 466.7%, down from 1,762.5% over the previous 30 days (July 22 - August 20) and up from 57.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Welland stood at 54 days when successfully sold over the last 30 days (August 21 - September 19), compared to 126 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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