386 Gatfield Ave
773 - Lincoln/Crowland, Welland, L3B 5B2
FOR SALE
$319,900
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3 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS10 + 5
ROOMSX11823759
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Property Description
Looking for your next investment opportunity or renovation project? This legal non-conforming Duplex with accessory apartment is packed with potential and is waiting for your creative touch! Nestled in a desirable neighbourhood with strong rental demand, this property is perfect for a savvy investor or contractor. Key features include three separate units each offering good living space, private entrances and flexible floor plans that cater to a variety of tenant needs plus with its spacious lot size, there is room for outdoor enhancements, parking or even an expansion project. Currently the building is completely tenanted with rents of $700.00; $550.00 and $650.00 per month. While the building does need some TLC, it presents a fantastic opportunity for those with an eye for renovation and a knack for maximizing returns!
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Property Details
Street
Community
City
Property Type
Duplex, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
40' x 100'
Fronting
South
Taxes
$2,704 (2024)
Basement
Apartment, Fin W/O
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Ground | 9.71' x 11.68' | |
| Living | Ground | 12.01' x 15.91' | |
| Br | Ground | 12.01' x 13.71' | |
| 2nd Br | Ground | 8.01' x 10.96' | |
| Bathroom | Ground | 3.61' x 3.61' | 3 Pc Bath |
| Kitchen | 2nd | 10.89' x 10.40' | |
| Living | 2nd | 11.12' x 10.99' | |
| Br | 2nd | 10.89' x 10.40' | |
| Bathroom | 2nd | 3.61' x 3.61' | , 3 Pc Bath |
| Kitchen | Bsmt | 9.12' x 4.40' | |
| Living | Bsmt | 11.12' x 10.01' | |
| Br | Bsmt | 10.70' x 7.09' |
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Welland Market Statistics
Welland Price Trend
386 Gatfield Ave is a 3-bedroom 3-bathroom home listed for sale at $319,900, which is $101,424 (24.1%) lower than the average sold price of $421,324 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $28,370 (6.3%) compared to the previous 30 day period (November 19 - December 18) and down $115,342 (21.5%) from the same time one year ago.Inventory Change
There were 65 3-bedroom homes listed in Welland over the last 30 days (December 19 - January 17), which is up 195.5% compared with the previous 30 day period (November 19 - December 18) and up 400.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($4,795) (1.1%) below asking price over the last 30 days (December 19 - January 17), which represents a $988 increase compared to the previous 30 day period (November 19 - December 18) and ($21,033) 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 19 - January 17) stood at 253.8%, down from 472.7% over the previous 30 days (November 19 - December 18) and up from 69.2% 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 (December 19 - January 17), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Nrc Realty
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