56 Regent St E
Welland, L3B 4H6
FOR SALE
$550,000
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4
BEDROOMS3
BATHROOMS2
KITCHENS4
ROOMSX9374348
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Property Description
This renovated duplex offers 2 above ground units. Completely turn key with wonderful tenants at full occupancy. The upper unit is a spacious 1 bedroom plus den with a large open concept living/dining area. The lower unit is a well kept 2 bedroom with access to a deck and a large back yard. Both units have in suite laundry and tenants pay hydro. Beautiful charm and 9 foot ceilings along with steps to the Welland canal and river.
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Property Features
Golf, Park, Place Of Worship, Public Transit, River/Stream
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Property Details
Street
City
Property Type
Multiplex, 2-Storey
Lot Size
43' x 132'
Fronting
East
Taxes
$2,822 (2023)
Basement
Part Bsmt
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Welland Market Statistics
Welland Price Trend
56 Regent St E is a 4-bedroom 3-bathroom home listed for sale at $550,000, which is $15,753 (2.8%) lower than the average sold price of $565,753 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 4 bedroom home in Welland declined by $48,647 (7.9%) compared to the previous 30 day period (September 22 - October 21) and down $209,247 (27.0%) from the same time one year ago.Inventory Change
There were 19 4-bedroom homes listed in Welland over the last 30 days (October 22 - November 20), which is down 5.0% compared with the previous 30 day period (September 22 - October 21) and up 35.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold ($11,736) (2.1%) below asking price over the last 30 days (October 22 - November 20), which represents a $3,770 increase compared to the previous 30 day period (September 22 - October 21) and ($14,999) 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 4-bedroom homes in Welland over the last 30 days (October 22 - November 20) stood at 1,036.8%, up from 45.0% over the previous 30 days (September 22 - October 21) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Welland stood at 28 days when successfully sold over the last 30 days (October 22 - November 20), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Co-Elevation Realty
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