465 E MAIN St
Welland, L3B 3X7
FOR SALE
$350,000
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Property Description
Very affordable two-story detached home in the heart of Welland ! Perfect for first time home buyers and investors, house is ready to move in. This house is perfectly situated on a great location close to the highway, schools, shopping, and more. Lovely main floor layout, featuring a spacious kitchen, living room, and dinning room. On the second floor, you'll find two comfortable bedrooms, along with a small den that can be transformed into a home office or study area. This property boasts a range of updates, including a new furnace, heat pump, wiring, roof and siding. Currently tenanted. tenants are leaving end of August. With plenty of parking available. To top off the potential in this property it also has CC2 commercial zoning, allowing for a variety of uses such as offices and retail
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Extras
This presents an exciting opportunity for entrepreneurs or those looking to combine their living and business needs
Property Features
Public Transit, School
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
26' x 132'
Fronting
South
Taxes
$2,530 (2024)
Basement
Unfinished
Exterior
Stucco/Plaster, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
None
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Welland Market Statistics
Welland Price Trend
465 E MAIN St is a 3-bedroom 1-bathroom home listed for sale at $350,000, which is $225,170 (39.1%) lower than the average sold price of $575,170 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $1,806 (0.3%) compared to the previous 30 day period (July 22 - August 20) and down $16,258 (2.7%) from the same time one year ago.Inventory Change
There were 49 3-bedroom homes listed in Welland over the last 30 days (August 21 - September 19), which is up 36.1% compared with the previous 30 day period (July 22 - August 20) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($14,327) (2.5%) below asking price over the last 30 days (August 21 - September 19), which represents a $1 decrease compared to the previous 30 day period (July 22 - August 20) and ($12,380) less 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 (August 21 - September 19) stood at 1,320.4%, down from 3,611.1% over the previous 30 days (July 22 - August 20) and up from 75.0% 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 19 days when successfully sold over the last 30 days (August 21 - September 19), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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