46 COMMERCIAL St
773 - Lincoln/Crowland, Welland, L3B 2P4
FOR SALE
$739,900
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3 + 2
BEDROOMS4
BATHROOMS2 + 1
KITCHENS9 + 5
ROOMSX11926241
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Property Description
Attn Investors and House Hackers! This recently renovated, fully legal triplex offers three stunning, self-contained units on a spacious lot. Each unit features its own in-suite laundry and ample parking. Additionally, the property includes a large detached 2-car garage with potential for an accessory dwelling unit (ADU). The comprehensive renovation includes a new roof (2020), hot water heater (2020), and waterproofing (2008), ensuring peace of mind for years to come. Conveniently located near various local amenities and major highways, this property provides easy access to all of Niagara. It's also just 500 meters from Linamar's upcoming giga casting factory, expected to create 200 jobs by early 2025. Nestled in the heart of Welland, this exceptional property is perfect for the savvy investor seeking a turn-key solution. It's also an ideal choice for those looking to offset mortgage payments through house-hacking or for multi-generational living. Don't miss out on this amazing opportunity!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-26 | 2024-09-16 | 82 | $749,000 | - | Terminated |
| 2023-10-30 | 2024-01-31 | 96 | $789,900 | - | Expired |
| 2023-09-27 | 2023-10-30 | 33 | $799,900 | - | Terminated |
| 2023-07-18 | 2023-09-26 | 70 | $799,900 | - | Terminated |
| 2021-03-22 | 2021-03-31 | 9 | $469,900 | $465,000 | Sold |
Property Features
Hospital, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
58' x 100'
Acreage
< .50
Fronting
West
Taxes
$3,103 (2024)
Basement
Finished, Sep Entrance
Exterior
Concrete, Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Other
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Welland Market Statistics
Welland Price Trend
46 COMMERCIAL St is a 3-bedroom 4-bathroom home listed for sale at $739,900, which is $99,025 (15.5%) higher 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 4-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 Re/Max Escarpment Realty Inc., Brokerage
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