71 Commercial St
773 - Lincoln/Crowland, Welland, L3B 5Y8
FOR SALE
$599,900
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3 + 2
BEDROOMS2
BATHROOMS1 + 1
KITCHENS9 + 5
ROOMSX11972805
MLSIDContact Us
Property Description
Situated in a sought-after South Welland neighborhood, this versatile 5-bedroom, 2-bathroom bungalow offers incredible potential for multi-generational living, rental income, or a live-and-rent opportunity. The main floor, renovated in 2021, showcases modern upgrades, fresh flooring, stylish kitchen and bathroom finishes, and the convenience of main-floor laundry. The self-contained lower level, updated in 2023, features a private entrance, a full kitchen, a bathroom, and two additional bedrooms, perfect for tenants, in-laws, or guests. Step outside to a backyard that backs onto greenspace, ideal for nature lovers and pet owners. The garage has been converted for extra square footage but can easily be reverted if preferred. With easy access to groceries, gyms, the Welland Canal, and other essential amenities, this home offers both convenience and fantastic rental potential. Don't miss out on this incredible opportunity! Tenant - $1650 per month.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-01-04 | 2023-01-17 | 13 | $479,900 | $475,000 | Sold |
2023-01-04 | 2023-01-17 | 13 | $479,900 | $475,000 | Sold |
2022-06-13 | 2022-07-11 | 28 | $579,900 | - | Terminated |
2021-06-29 | 2021-07-20 | 21 | $450,000 | $430,000 | Sold |
Property Features
Fenced Yard, Grnbelt/Conserv, Hospital, Park, Place Of Worship, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
33' x 100'
Fronting
East
Taxes
$3,121 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 9.19' x 10.79' | |
Dining | Main | 9.09' x 12.70' | |
Living | Main | 11.38' x 14.47' | |
Prim Bdrm | Main | 10.50' x 11.09' | |
2nd Br | Main | 8.60' x 9.78' | |
3rd Br | Main | 8.60' x 10.10' | |
Laundry | Main | 9.88' x 9.88' | |
Office | Main | 8.40' x 9.88' | |
Rec | Bsmt | 10.70' x 17.59' | |
Prim Bdrm | Bsmt | 9.09' x 14.80' | |
2nd Br | Bsmt | 9.09' x 14.80' | |
Kitchen | Bsmt | 9.28' x 17.59' |
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Welland Market Statistics
Welland Price Trend
71 Commercial St is a 3-bedroom 2-bathroom home listed for sale at $599,900, which is $40,975 (6.4%) lower than the average sold price of $640,875 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Welland increased by $74,907 (13.2%) compared to the previous 30 day period (December 22 - January 20) and up $90,875 (16.5%) from the same time one year ago.Inventory Change
There were 63 3-bedroom homes listed in Welland over the last 30 days (January 21 - February 19), which is down 6.0% compared with the previous 30 day period (December 22 - January 20) and up 215.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Welland typically sold ($21,878) (3.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $4,692 decrease compared to the previous 30 day period (December 22 - January 20) and ($22,900) 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 3-bedroom homes in Welland over the last 30 days (January 21 - February 19) stood at 31.7%, up from 23.9% over the previous 30 days (December 22 - January 20) and down from 65.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Welland stood at 54 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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