60 Margery Rd
768 - Welland Downtown, Welland, L3B 2P6
FOR SALE
$549,000
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4
BEDROOMS2
BATHROOMS2
KITCHENS10
ROOMSX12009828
MLSIDContact Us
Property Description
FULLY RENOVATED, LEGAL DUPLEX, perfect for families and investors. Huge Airbnb potential. Niagara College 5 mins away. (Buyer to do own due diligence). Current rental potential of $3600. Residential/commercial zoning adds possibilities. Building has prior history as convenience store. Mall, Walmart, Canadian Tire and much more just minutes away. 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 and kitchens with tasteful modernized features. 4 parking spaces in total. Move in ready. Don't miss out on this rare property.
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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 Features
Clear View, Park, Public Transit, River/Stream
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
36' x 59'
Fronting
East
Taxes
$2,276 (2025)
Basement
Unfinished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Ground | 10.17' x 17.91' | |
| Br | Ground | 8.50' x 12.80' | |
| Kitchen | Ground | 6.27' x 13.32' | |
| Living | Ground | 12.07' x 15.09' | |
| Bathroom | Ground | 6.99' x 10.63' | 4 Pc Bath |
| Br | 2nd | 9.97' x 11.94' | |
| Br | 2nd | 8.33' x 11.35' | |
| Kitchen | 2nd | 6.82' x 11.42' | |
| Living | 2nd | 11.84' x 15.26' | |
| Bathroom | 2nd | 6.27' x 9.84' | 4 Pc Bath |
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Welland Market Statistics
Welland Price Trend
60 Margery Rd is a 4-bedroom 2-bathroom home listed for sale at $549,000, which is $9,587 (1.7%) lower than the average sold price of $558,587 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Welland declined by $135,413 (19.5%) compared to the previous 30 day period (December 22 - January 20) and down $131,413 (19.0%) from the same time one year ago.Inventory Change
There were 24 4-bedroom homes listed in Welland over the last 30 days (January 21 - February 19), which is down 7.7% compared with the previous 30 day period (December 22 - January 20) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold ($6,099) (1.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $21,572 increase compared to the previous 30 day period (December 22 - January 20) and ($24,950) 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 (January 21 - February 19) stood at 33.3%, up from 26.9% over the previous 30 days (December 22 - January 20) and down from 44.4% 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 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Leading Edge Realty Inc.
Similar Listings
Attention investors - your search for the perfect turn-key investment property ends here! Located in Welland, close to the 406, this duplex has been beautifully renovated with attention to detail and is home to wonderful tenants. Only minutes away, you will find plenty of amenities including shopping, dining, public transit and easy access to the remainder of the region - with this one, you're truly getting the complete package. This lovingly maintained property features two units - a two bedroom and a one bedroom, both of which offer fantastic layouts. Oozing with curb appeal and a lovely facade, be prepared to be intrigued from the moment you set eyes on this home. A covered front porch welcomes you to the property and leads you to the common area as you step inside. The main floor unit features notably high ceilings, an open-concept living and dining room, spacious kitchen with an adjacent dinette, a full, 4-piece bathroom and two sizeable bedrooms. The oversized kitchen boasts beautiful cabinetry, as well as an abundance of counter and cupboard space. With a dedicated dining room in addition to the dinette, this unit offers an expansive living space that is bright and airy throughout. Loaded with many built-in storage areas, it will be easy to fall in love with the main floor of this home. The upper unit comes complete with a generous living room, eat-in kitchen (2019), a full, 4-piece bathroom and one bedroom. This level is very warm and cozy, a true delight to view. A full, unfinished basement can be accessed through the main floor unit, as well as from a separate entrance at the exterior of the home. This level is home to the laundry facilities and offers ample space for storage. Equipped with three separate hydro meters (2019), for the main, second and basement levels, this home has been well thought-out. Seize the opportunity to add this spectacular property to your portfolio!
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