40 LEASIDE Dr
767 - N. Welland, Welland, L3C 6B2
FOR SALE
$499,000

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Property Description
Prime fixer-upper bungalow with immense potential for a savvy investor! Solid bones, spacious layout, and a prime location offer a fantastic opportunity for a quick renovation and substantial return on investment. Currently priced to sell, perfect for a hands-on flipper looking to add value with cosmetic updates and modern finishes. The potential to update the kitchen, bathroom, bedrooms and lower-level rec room could significantly increase the property's value. This 3 level backsplit is located in a welcoming neighborhood steps away from Woodlawn Park. The main floor offers a kitchen and spacious living room with hardwood floors. A few steps up to the 2nd level invites you to 3 generous sized bedrooms and large 4pc bathroom. The lower level rec room is spacious and offers additional living space for the kids! Fully fenced backyard. A short drive to 406 highway, Niagara College and the Seaway Mall.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
60' x 131'
Fronting
East
Taxes
$3,283 (2024)
Basement
Full, Part Fin
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Front Yard
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 9.42' x 16.01' | |
Living | Main | 11.25' x 18.01' | |
Prim Bdrm | Upper | 11.58' x 12.99' | |
2nd Br | Upper | 10.01' x 10.76' | |
3rd Br | Upper | 8.17' x 10.01' | |
Rec | Bsmt | 10.99' x 21.82' |
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Welland Market Statistics
Welland Price Trend
40 LEASIDE Dr is a 3-bedroom 1-bathroom home listed for sale at $499,000, which is $141,875 (22.1%) 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 1-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 Luxe Home Town Realty Inc.
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