69 Griffith St
Welland, L3B 4G6
FOR SALE
$459,888
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Property Description
Exceptional Investment Opportunity in Welland! Perfect for large families or savvy investors, this charming property offers versatility and value in the heart of Welland's vibrant downtown. The main floor features a spacious 2-bedroom, 1-bathroom unit with a generous dining/living area and a cozy galley kitchen. Original hardwood floors lend timeless character to the space. At the back of the property, a secondary living area includes a full 4-piece bathroom ideal for extended family or potential rental income. The recently renovated basement, complete with new floors and cabinetry, adds extra living or storage space. A spacious backyard and a detached 1.5-car garage offer both convenience and privacy. Situated close to shops, restaurants, and entertainment, this property is perfectly located to take advantage of Wellands growing community and revitalization. Whether youre looking for a family home or a smart investment, this property delivers. With a 6.7% cap rate, it's a solid investment opportunity you dont want to miss. Start your real estate journey in Downtown Welland today and watch your ambitions pay off!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-06-16 | 2023-08-30 | 75 | $434,900 | $390,000 | Sold |
Extras
Zoned RL2 - Possible To Make Additional Unit In Back Of home - 3 Kitchens, 3 Bathrooms 3 Beds + 1/Bachelor
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Property Details
Street
City
Property Type
Detached, Bungalow
Lot Size
32' x 134'
Fronting
East
Taxes
$2,562 (2024)
Basement
Fin W/O, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Other
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 19.91' x 12.66' | |
Dining | Main | 11.32' x 11.25' | |
Kitchen | Main | 7.51' x 8.92' | |
Br | Main | 11.84' x 10.24' | |
2nd Br | Main | 8.92' x 11.15' | |
Kitchen | Main | 6.99' x 6.50' | |
3rd Br | Main | 16.57' x 7.84' | |
Kitchen | Bsmt | 10.01' x 14.40' | |
Living | Bsmt | 19.91' x 12.01' | |
4th Br | Bsmt | 10.93' x 10.40' |
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Welland Market Statistics
Welland Price Trend
69 Griffith St is a 3-bedroom 3-bathroom home listed for sale at $459,888, which is $170,775 (27.1%) lower than the average sold price of $630,663 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 3 bedroom home in Welland increased by $38,945 (6.6%) compared to the previous 30 day period (September 1 - September 30) and up $36,433 (6.1%) from the same time one year ago.Inventory Change
There were 36 3-bedroom homes listed in Welland over the last 30 days (October 1 - October 30), which is down 28.0% compared with the previous 30 day period (September 1 - September 30) and up 28.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($18,585) (2.9%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,592 decrease compared to the previous 30 day period (September 1 - September 30) and ($16,092) 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 3-bedroom homes in Welland over the last 30 days (October 1 - October 30) stood at 136.1%, up from 32.0% over the previous 30 days (September 1 - September 30) and up from 46.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Welland stood at 29 days when successfully sold over the last 30 days (October 1 - October 30), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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