41 Albert St
Welland, L3B 4L1
FOR SALE
$450,000
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4
BEDROOMS2
BATHROOMS2
KITCHENS13
ROOMSX9229987
MLSIDContact Us
Property Description
INVESTORS WELCOME. A fully tenanted duplex, with consistent rental income. Rental income is approximately $3,220/month, with a yearly total of $38,640. Both upper and lower unit have been updated and meticulously maintained. Floors, trim, walls, cabinets, countertops and bathroom fixtures are all in great shape. AC, heating, electrical and plumbing all updated and in great working order. Turnkey opportunity for consistent and predictable cash flow. Book your showing, it won't last long!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
| 2024-03-15 | 2024-04-01 | 17 | $1,480 | - | Terminated |
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Lot Size
26' x 80'
Fronting
North
Taxes
$2,337 (2023)
Basement
Full
Exterior
Alum Siding, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 4.66' x 6.99' | |
| Living | Main | 10.33' x 12.07' | Combined W/Dining |
| Kitchen | Main | 8.23' x 12.24' | |
| Br | Main | 10.66' x 12.40' | |
| Br | Main | 8.50' x 12.99' | |
| Other | Bsmt | 10.40' x 10.76' | |
| Foyer | 2nd | 4.82' x 14.01' | |
| Kitchen | 2nd | 8.33' x 10.33' | |
| Br | 2nd | 7.68' x 10.99' | |
| Br | 2nd | 7.74' x 10.66' |
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Welland Market Statistics
Welland Price Trend
41 Albert St is a 4-bedroom 2-bathroom home listed for sale at $450,000, which is $193,142 (30.0%) lower than the average sold price of $643,142 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Welland increased by $898 (0.1%) compared to the previous 30 day period (July 22 - August 20) and down $87,733 (12.0%) from the same time one year ago.Inventory Change
There were 30 4-bedroom homes listed in Welland over the last 30 days (August 21 - September 19), which is up 87.5% compared with the previous 30 day period (July 22 - August 20) and up 114.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold ($15,874) (2.5%) below asking price over the last 30 days (August 21 - September 19), which represents a $3 decrease compared to the previous 30 day period (July 22 - August 20) and ($32,639) 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 4-bedroom homes in Welland over the last 30 days (August 21 - September 19) stood at 466.7%, down from 1,762.5% over the previous 30 days (July 22 - August 20) and up from 57.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Welland stood at 54 days when successfully sold over the last 30 days (August 21 - September 19), compared to 126 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc.
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