544 FIRST Ave
Welland, L3C 1Z3
FOR SALE
$614,900
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3 + 4
BEDROOMS2
BATHROOMS1 + 1
KITCHENS5 + 6
ROOMSX9247181
MLSIDContact Us
Property Description
Welcome to this exceptional semi-detached back split home, ideally situated directly across from Niagara College Welland Campus. This versatile property boasts 7 spacious bedrooms, with 3 on the upper floor and 4 in the basement. Each level features its own kitchen, making it perfect for a large family or an ideal investment opportunity with significant rental potential. The basement, equipped with a separate entrance and dedicated laundry facilities, ensures convenience and privacy for tenants or extended family members. The home showcases a charming bungalow-style exterior, combining the durability of brick with the low-maintenance appeal of vinyl siding. Inside, you'll find generously sized living areas, well-appointed kitchens, and ample storage space. The property's prime location, directly opposite the college, makes it highly attractive to students and faculty, ensuring a steady stream of potential renters. Whether you're an investor looking for a property with positive cash flow or a family in need of ample living space, this home offers the perfect solution. Don't miss out on this incredible opportunity to own a versatile, income-generating property in a highly sought-after location. Schedule your viewing today and see the potential for yourself!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-09 | 2024-11-21 | 104 | $614,900 | - | Terminated |
| 2024-05-07 | 2024-08-07 | 92 | $614,900 | - | Expired |
| 2024-02-07 | 2024-05-06 | 90 | $624,900 | - | Expired |
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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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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.17' x 10.40' | |
| Living | Main | 14.50' x 12.60' | |
| Dining | Main | 14.17' x 8.33' | |
| Prim Bdrm | Upper | 12.50' x 10.33' | |
| 2nd Br | Upper | 10.33' x 9.09' | |
| 3rd Br | Upper | 12.40' x 8.33' | |
| Kitchen | Lower | 10.33' x 8.33' | |
| Rec | Lower | 13.32' x 11.75' | |
| 4th Br | Lower | 14.67' x 9.09' | |
| 5th Br | Lower | 11.68' x 8.92' | |
| Br | Lower | 16.24' x 8.99' | |
| Br | Lower | 14.07' x 7.91' |
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Welland Market Statistics
Welland Price Trend
544 FIRST Ave is a 3-bedroom 2-bathroom home listed for sale at $614,900, which is $92,208 (17.6%) higher than the average sold price of $522,692 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $72,211 (12.1%) compared to the previous 30 day period (September 22 - October 21) and down $45,593 (8.0%) from the same time one year ago.Inventory Change
There were 41 3-bedroom homes listed in Welland over the last 30 days (October 22 - November 20), which is up 24.2% compared with the previous 30 day period (September 22 - October 21) and up 64.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($10,938) (2.1%) below asking price over the last 30 days (October 22 - November 20), which represents a $3,736 increase compared to the previous 30 day period (September 22 - October 21) and ($16,614) 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 (October 22 - November 20) stood at 2,280.5%, up from 93.9% over the previous 30 days (September 22 - October 21) and up from 28.0% 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 20 days when successfully sold over the last 30 days (October 22 - November 20), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Diamonds Realty Inc.
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