40 LEASIDE Dr

FOR SALE
$499,000
40 LEASIDE Dr, Welland
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
40 LEASIDE Dr
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
X11988888
MLSID
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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.
Property Details
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
Room Summary
RoomLevelSizeFeatures
KitchenMain9.42' x 16.01'
LivingMain11.25' x 18.01'
Prim BdrmUpper11.58' x 12.99'
2nd BrUpper10.01' x 10.76'
3rd BrUpper8.17' x 10.01'
RecBsmt10.99' x 21.82'
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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