60 Margery Rd

FOR SALE
$599,000
60 Margery Rd, Welland
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
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60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
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60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
60 Margery Rd
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60 Margery Rd
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4
BEDROOMS
2
BATHROOMS
2
KITCHENS
10
ROOMS
X11880497
MLSID
Contact Us
Property Description
Discover this unique modern concept duplex, perfect for families and investors alike! 60 Margery Road is where possibilities are endless. Live upstairs, rent the main unit or live in the main unit, rent the upper. Share units between 2 families, or rent both! Huge potential as Airbnb and short term student rental with Niagara College just 5 minutes drive. (Buyer to do own due diligence). Current rental potential of $3600. Building has prior history as convenience store. The location boasts a myriad of amenities. Within minutes, you'll find the Seaway Mall, Walmart, Canadian Tire and much more for your shopping needs. Take a stroll down by the beautiful river just steps away at Merritt Island Park, or socialize with family and friends on an beautifully designed massive 12 x 25ft upper side deck, overlooking the tranquil neighbourhood. Have a morning coffee on your private balcony with amazing views. Both units are quite spacious with 8 foot ceilings, featuring two cozy bedrooms each, 4 in total with the option to add even more livable space in the basement. Units boasts modern bathrooms, welcoming living rooms that invites relaxation and kitchens with tasteful modernized features. 4 parking spaces in total with a 2 vehicle lit driveway under deck with 2 separate street exits. Property is move in ready. Don't miss out on this rare incredible opportunity.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-11-11 2020-12-14 33 $329,000 $320,000 Sold
2020-10-29 2020-11-11 13 $329,000 - Terminated
2020-10-19 2020-10-29 10 $329,000 - Terminated
2019-06-11 2019-07-22 41 $249,900 - Terminated
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
36' x 59'
Fronting
East
Taxes
$2,400 (2024)
Basement
Full
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
None
Room Summary
RoomLevelSizeFeatures
BrGround10.17' x 17.91'
BrGround8.50' x 12.80'
KitchenGround6.27' x 13.32'
LivingGround12.07' x 15.09'
BathroomGround6.99' x 10.63'4 Pc Bath
Br2nd9.97' x 11.94'
Br2nd8.33' x 11.35'
Kitchen2nd6.82' x 11.42'
Living2nd11.84' x 15.26'
Bathroom2nd6.27' x 9.84'4 Pc Bath
Welland Market Statistics
Welland Price Trend
60 Margery Rd is a 4-bedroom 2-bathroom home listed for sale at $599,000, which is $93,710 (18.5%) higher than the average sold price of $505,290 in the last 30 days (December 8 - January 6). During the last 30 days the average sold price for a 4 bedroom home in Welland declined by $62,989 (11.1%) compared to the previous 30 day period (November 8 - December 7) and up $6,290 (1.3%) from the same time one year ago.
Inventory Change
There were 9 4-bedroom homes listed in Welland over the last 30 days (December 8 - January 6), which is down 43.8% compared with the previous 30 day period (November 8 - December 7) and up 12.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold $8,329 (1.6%) above asking price over the last 30 days (December 8 - January 6), which represents a $19,456 increase compared to the previous 30 day period (November 8 - December 7) and ($13,200) 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 (December 8 - January 6) stood at 688.9%, down from 1,175.0% over the previous 30 days (November 8 - December 7) and up from 25.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Welland stood at 27 days when successfully sold over the last 30 days (December 8 - January 6), compared to 74 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Nrc Realty
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