55 Margery Rd W

Welland, L3B 2P5
FOR SALE
$419,999
55 Margery Rd W, Welland
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
55 Margery Rd W
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
7
ROOMS
X9510095
MLSID
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Property Description
This Home Is Located In A Nice Area Near Merritt Island, Short Walk To Downtown And Close To The Welland Canal. The Living Room Flows Nicely Through The Dining Room And Directly Into The Spacious Kitchen, With A Door Leading To The Rear Deck. Three bedroom 1.5 storey home, nestled in a neighbourhood aside the Welland Canal, provides a multitude of opportunity that's fit for most home ownership ideals. Perfect for the first time homebuyer, downsizer, investor and up sizer in search of home with room to grow the list goes on. This home offers more than your typical bungalow living with a 2nd floor loft designed for many uses which includes an additional 3rd bedroom, generous size home office, media/family room or retreat.
Property Details
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
33' x 115'
Acreage
< .50
Lot Irregularities
Rectangular
Fronting
West
Taxes
$2,372 (2023)
Basement
Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
BrMain8.99' x 16.99'
2nd BrMain8.17' x 10.01'
3rd Br2nd10.99' x 21.00'
BathroomMain3.28' x 8.17'
FamilyMain10.01' x 10.83'
DiningMain10.01' x 10.83'
KitchenMain10.66' x 12.99'
Welland Market Statistics
Welland Price Trend
55 Margery Rd W is a 3-bedroom 1-bathroom home listed for sale at $419,999, which is $103,601 (19.8%) lower than the average sold price of $523,600 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Welland declined by $74,878 (12.5%) compared to the previous 30 day period (September 21 - October 20) and down $18,900 (3.5%) from the same time one year ago.
Inventory Change
There were 41 3-bedroom homes listed in Welland over the last 30 days (October 21 - November 19), which is up 7.9% compared with the previous 30 day period (September 21 - October 20) and up 70.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($11,404) (2.2%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,130 increase compared to the previous 30 day period (September 21 - October 20) and ($14,066) 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 21 - November 19) stood at 2,300.0%, up from 60.5% over the previous 30 days (September 21 - October 20) and up from 25.0% 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 23 days when successfully sold over the last 30 days (October 21 - November 19), compared to 73 days before being removed from the market upon being suspended or terminated.
Listing contracted with Meta Realty Inc.
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