7 Lasalle St
Welland, L3B 4J5
FOR SALE
$899,000
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4 + 3
BEDROOMS4
BATHROOMS2 + 2
KITCHENS0
ROOMSX8248586
MLSIDContact Us
Property Description
Discover a distinguished four-plex in Welland, perfect for the savvy investor aiming to expand their portfolio. This legal, purpose-built property offers a robust brick facade and comprises three 2-bedroom and one 1-bedroom units, all with dual entries and the upper units featuring private balconies. The inclusion of a coin-operated laundry facility not only serves the tenants but also augments rental income. This well-preserved building is ideal for those looking to secure a reliable investment property with great potential for income generation.
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Property Features
Golf, Hospital, Other, Public Transit, Rec Centre
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Property Details
Street
City
Property Type
Fourplex, Bungalow-Raised
Approximate Sq.Ft.
3000-3500
Lot Size
70' x 103'
Fronting
South
Taxes
$3,954 (2023)
Basement
Apartment, Walk-Up
Exterior
Brick
Heat Type
Radiant
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Welland Market Statistics
Welland Price Trend
7 Lasalle St is a 4-bedroom 4-bathroom home listed for sale at $899,000, which is $145,500 (19.3%) higher than the average sold price of $753,500 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 4 bedroom home in Welland declined by $4,000 (0.5%) compared to the previous 30 day period (March 2 - March 31) and up $21,500 (2.9%) from the same time one year ago.Inventory Change
There were 16 4-bedroom homes listed in Welland over the last 30 days (April 1 - April 30), which is down 23.8% compared with the previous 30 day period (March 2 - March 31) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Welland typically sold ($11,100) (1.5%) below asking price over the last 30 days (April 1 - April 30), which represents a $2,600 increase compared to the previous 30 day period (March 2 - March 31) and ($24,900) 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 (April 1 - April 30) stood at 93.8%, up from 66.7% over the previous 30 days (March 2 - March 31) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Welland stood at 21 days when successfully sold over the last 30 days (April 1 - April 30), compared to 148 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Niagara Realty Ltd.
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