562 BROADWAY St
Welland, L3C 5M5
FOR SALE
$585,000
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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 the upcoming Linamar sitebringing 1,000 jobs to the areathis home presents a fantastic opportunity for both homebuyers and investors alike. Don't miss out on this versatile and promising property.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-03-14 | 2023-09-13 | 184 | $628,000 | - | Expired |
Property Features
Hospital, Park, Public Transit, River/Stream, School, School Bus Route
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Property Details
Street
City
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
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.60' x 20.08' | Combined W/Dining, Hardwood Floor |
| Kitchen | Main | 12.60' x 11.25' | |
| Prim Bdrm | Main | 11.25' x 11.25' | Hardwood Floor |
| Br | Main | 10.93' x 11.58' | |
| Rec | Lower | 23.16' x 16.08' | |
| Laundry | Lower | 13.48' x 18.83' | |
| Utility | Lower | 8.07' x 11.42' | |
| Other | Lower | 7.68' x 8.60' |
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Welland Market Statistics
Welland Price Trend
562 BROADWAY St is a 2-bedroom 1-bathroom home listed for sale at $585,000, which is $72,027 (14.0%) higher than the average sold price of $512,973 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom home in Welland declined by $5,249 (1.0%) compared to the previous 30 day period (September 1 - September 30) and up $19,402 (3.9%) from the same time one year ago.Inventory Change
There were 11 2-bedroom homes listed in Welland over the last 30 days (October 1 - October 30), which is down 26.7% compared with the previous 30 day period (September 1 - September 30) and up 57.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Welland typically sold ($15,664) (3.1%) below asking price over the last 30 days (October 1 - October 30), which represents a $420 decrease compared to the previous 30 day period (September 1 - September 30) and ($23,157) 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 2-bedroom homes in Welland over the last 30 days (October 1 - October 30) stood at 190.9%, up from 60.0% over the previous 30 days (September 1 - September 30) and up from 100.0% 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 26 days when successfully sold over the last 30 days (October 1 - October 30), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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