399 Morningstar Ave

FOR SALE
$574,900
399 Morningstar Ave, Welland
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
399 Morningstar Ave
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
5 + 4
ROOMS
X11924844
MLSID
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Property Description
Attention Investors, House Hackers, and Savvy Homeowners! This modern legal duplex, established in 2019, presents an exceptional investment opportunity. The main floor unit is currently vacant, allowing for immediate occupancy or rental potential. Conveniently situated near Diamond Trail Public School, this property also offers close proximity to a range of amenities, including grocery stores, fitness centers, and pharmacies. The lower unit is already rented at $1,532 plus hydro, providing a reliable mortgage helper or an excellent source of cash flow. Rent out the upper unit and enjoy income from day one, or occupy it yourself while benefiting from rental income below. Dont miss out on this versatile property. Schedule your showing today!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-05 2024-12-04 90 $574,900 - Expired
2024-09-05 2024-09-06 1 $574,900 - Suspended
2024-09-05 2024-09-06 1 $574,900 - Suspended
Extras
N/A
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
55' x 119'
Fronting
South
Taxes
$2,959 (2024)
Basement
Apartment, Finished
Exterior
Other, Wood
Heat Type
Water
Heat Source
Other
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain11.68' x 10.24'
LivingMain13.58' x 14.57'
BrMain8.50' x 11.52'
BrMain10.50' x 10.50'
BrMain9.51' x 12.83'
LivingBsmt14.99' x 20.01'
BrBsmt10.01' x 14.01'
BrBsmt10.99' x 12.99'
Welland Market Statistics
Welland Price Trend
399 Morningstar Ave is a 3-bedroom 2-bathroom home listed for sale at $574,900, which is $153,576 (36.5%) higher 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 2-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 Coldwell Banker Advantage Real Estate Inc, Brokerage
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