562 BROADWAY St

Welland, L3C 5M5
FOR SALE
$548,000
562 BROADWAY St, Welland
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
562 BROADWAY St
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
6 + 4
ROOMS
X11964984
MLSID
Contact Us
Property Description
Welcome to 562 Broadway Street! This charming 2-bedroom, 1-bathroom bungalow is located just steps from the scenic Welland Canal and close to all major amenities. The property boasts a spacious detached garage, a cozy breezeway and a two-season sunroom adding additional living space, perfect for unwinding after a long day. With a large unfinished basement full of potential, you have the opportunity to create additional living space or even an in-law suite. The generous 100 x 92 ft lot with RL2 zoning makes this property a rare find, with the potential to expand or build townhomes. Conveniently located near Welland Hospital, the Rowing Club and major amenities, this home presents a fantastic opportunity for both homebuyers and investors alike. Don't miss out on this versatile and promising property.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-01 2024-12-24 84 $585,000 - Terminated
2023-03-14 2023-09-13 184 $628,000 - Expired
Property Features
Hospital, Park, Public Transit, River/Stream, School, School Bus Route
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
100' x 92'
Fronting
South
Taxes
$3,085 (2024)
Basement
Full, Part Fin
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain12.60' x 20.08'Combined W/Dining, Hardwood Floor
KitchenMain12.60' x 11.25'
Prim BdrmMain11.25' x 11.25'Hardwood Floor
BrMain10.93' x 11.58'
RecLower23.16' x 16.08'
LaundryLower13.48' x 18.83'
UtilityLower8.07' x 11.42'
OtherLower7.68' x 8.60'
Welland Market Statistics
Welland Price Trend
562 BROADWAY St is a 2-bedroom 1-bathroom home listed for sale at $548,000, which is $45,964 (7.7%) lower than the average sold price of $593,964 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Welland increased by $133,714 (29.1%) compared to the previous 30 day period (December 22 - January 20) and up $120,814 (25.5%) from the same time one year ago.
Inventory Change
There were 25 2-bedroom homes listed in Welland over the last 30 days (January 21 - February 19), which is down 7.4% compared with the previous 30 day period (December 22 - January 20) and up 127.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Welland typically sold ($16,628) (2.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $6,916 decrease compared to the previous 30 day period (December 22 - January 20) and ($13,750) 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 2-bedroom homes in Welland over the last 30 days (January 21 - February 19) stood at 56.0%, up from 29.6% over the previous 30 days (December 22 - January 20) and down from 90.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Welland stood at 52 days when successfully sold over the last 30 days (January 21 - February 19), compared to 69 days before being removed from the market upon being suspended or terminated.
Listing contracted with Exp Realty
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