292 Wallace Ave S
773 - Lincoln/Crowland, Welland, L3B 1R9
FOR SALE
$549,900

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Property Description
Fabulous Starter/Retirement/Investment or Multi Generational home !! Nicely updated 3 Bedroom, 1.5 bath brick & stucco Bungalow w/ new front deck, updated Roof (2017), Furnace (2016) & replacement vinyl windows. The fully renovated, Open concept main floor (2022) features upscale vinyl plank flooring, New baseboard & trim, fresh paint & Stylish new kitchen w/ SS appliances. Completing the main floor are 3 bedrooms, all with laminate flooring + renovated 4pc main bath. The full height, unfinished basement level has a 1pc bath & separate side entrance, providing tons of future potential for additional living space or possible income suite. The rear yard features a poured concrete patio w/ pergola, custom built 9.5 x 11 shed & 400sq ft detached, fully self contained 1 bedroom guest house ( currently rented for $1100/month + gas & Hydro ), creating a welcome $$ offset for today's high cost of living. Located in quiet, mature neighbourhood close to schools & shops + quick convenient highway access.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-06-15 | 2024-09-25 | 102 | $579,900 | - | Terminated |
2024-09-26 | 2024-11-01 | 36 | $579,900 | - | Terminated |
2024-06-26 | 2024-09-30 | 109 | $609,900 | - | Expired |
Property Features
Hospital, Park, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
45' x 100'
Fronting
East
Taxes
$2,941 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick Front, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 14.34' x 18.57' | |
Kitchen | Main | 11.09' x 14.93' | |
Br | Main | 12.66' x 13.68' | |
2nd Br | Main | 10.01' x 10.07' | |
3rd Br | Main | 9.91' x 10.01' | |
Living | Ground | 9.51' x 8.69' | |
Kitchen | Ground | 12.70' x 14.11' | |
4th Br | Ground | 10.10' x 8.20' |
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Welland Market Statistics
Welland Price Trend
292 Wallace Ave S is a 3-bedroom 3-bathroom home listed for sale at $549,900, which is $90,975 (14.2%) lower than the average sold price of $640,875 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Welland increased by $74,907 (13.2%) compared to the previous 30 day period (December 22 - January 20) and up $90,875 (16.5%) from the same time one year ago.Inventory Change
There were 63 3-bedroom homes listed in Welland over the last 30 days (January 21 - February 19), which is down 6.0% compared with the previous 30 day period (December 22 - January 20) and up 215.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($21,878) (3.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $4,692 decrease compared to the previous 30 day period (December 22 - January 20) and ($22,900) 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 (January 21 - February 19) stood at 31.7%, up from 23.9% over the previous 30 days (December 22 - January 20) and down from 65.0% 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 54 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Coldwell Banker Advantage Real Estate Inc, Brokerage
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