544 First Ave
Welland, L3C 1Z3
FOR SALE
$624,900
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3 + 4
BEDROOMS2
BATHROOMS1 + 1
KITCHENS5 + 6
ROOMSX8312390
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Property Description
Welcome to this prime property situated directly across from Niagara College Welland Campus. This semi-detached home features 7 bedrooms - 3 on the upper floor and 4 in the basement, each with its kitchen. The basement includes a separate entrance and laundry facilities, offering potential rental income and convenience. With its bungalow-style exterior combining brick and vinyl siding, this property offers both charm and low maintenance. Ideal for investors seeking positive cash flow or large families needing ample space, this property presents an excellent opportunity in a sought-after location.
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Property Details
Street
City
Property Type
Semi-Detached, Backsplit 3
Lot Size
30' x 12'
Fronting
West
Taxes
$3,356 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
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Welland Market Statistics
Welland Price Trend
544 First Ave is a 3-bedroom 2-bathroom home listed for sale at $624,900, which is $28,951 (4.4%) lower than the average sold price of $653,851 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Welland increased by $10,223 (1.6%) compared to the previous 30 day period (March 15 - April 13) and up $68,028 (11.6%) from the same time one year ago.Inventory Change
There were 49 3-bedroom homes listed in Welland over the last 30 days (April 14 - May 13), which is up 96.0% compared with the previous 30 day period (March 15 - April 13) and up 58.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($18,266) (2.8%) below asking price over the last 30 days (April 14 - May 13), which represents a $8,839 decrease compared to the previous 30 day period (March 15 - April 13) and ($20,258) 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 (April 14 - May 13) stood at 30.6%, down from 140.0% over the previous 30 days (March 15 - April 13) and down from 54.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Welland stood at 35 days when successfully sold over the last 30 days (April 14 - May 13), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Diamonds Realty Inc.
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Welcome to the wonderful semi-detached property, situated at walking distance from Niagara College Welland Campus, located in a quiet area and an amazing neighborhood. The property boasts 3 spacious bedrooms upstairs with one 3 piece modern bathroom, the basement features 2 extra bedrooms, a separate bathroom, and a laundry room. The main floor has an inviting living area, kitchen, and dining area for family gatherings. The backyard is fully fenced and has a large storage shed in one corner. Close to amenities: schools, parks, shopping complexes, food courts, and many more, whether you want to make it your family home or want to add this gem to your portfolio, this home is the perfect fit for you. Don't let this opportunity slip away from your hands, book the viewing today!
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