725 SOUTH PELHAM Rd
770 - West Welland, Welland, L3C 3C9
FOR SALE
$589,900
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS5 + 5
ROOMSX9413435
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Property Description
Rare opportunity to own a nearly 1 acre property with the possibility of building a second dwelling. This cute 2 bedroom bungalow is situated on a 0.99 Acre lot and is zone RL1 which allows for a second dwelling, home based business or Bed and Breakfast. The current home is fully finished on both levels including a main floor boasting large kitchen with attached dinette, bright living room, den with doors out to back yard deck, master bedroom and full 4 piece bath. The lower level features a spacious rec-room, 2nd bedroom, 2nd laundry room, a 2 piece bath and storage space. The exterior features a serene front porch, 2.5 car detached garage with automatic garage door openers and parking for 8+ vehicles. The property has newer windows, siding and roof. Close to all amenities yet situated in a tranquil country setting, this property could be the perfect situation to build your dream home while taking advantage of rental income from the current home on the property. Book your private viewing today!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-27 | 2024-10-27 | 61 | $589,900 | - | Expired |
2024-04-01 | 2024-07-19 | 114 | $649,900 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
64' x 671'
Acreage
.50-1.99
Fronting
West
Taxes
$4,147 (2023)
Basement
Finished, Full
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 14.24' x 21.59' | |
Living | Main | 13.42' x 20.41' | |
Br | Main | 10.01' x 11.25' | |
Den | Main | 10.01' x 11.25' | |
Rec | Bsmt | 14.76' x 20.01' | |
Laundry | Bsmt | 12.76' x 7.25' | |
Br | Bsmt | 14.99' x 15.58' | |
Other | Bsmt | 19.00' x 10.60' | |
Br | Main | 10.01' x 14.07' |
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Welland Market Statistics
Welland Price Trend
725 SOUTH PELHAM Rd is a 2-bedroom 2-bathroom home listed for sale at $589,900, which is $183,911 (45.3%) higher than the average sold price of $405,989 in the last 30 days (December 8 - January 6). During the last 30 days the average sold price for a 2 bedroom home in Welland declined by $62,519 (13.3%) compared to the previous 30 day period (November 8 - December 7) and down $291,511 (41.8%) from the same time one year ago.Inventory Change
There were 10 2-bedroom homes listed in Welland over the last 30 days (December 8 - January 6), which is down 33.3% compared with the previous 30 day period (November 8 - December 7) and up 42.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Welland typically sold ($5,900) (1.5%) below asking price over the last 30 days (December 8 - January 6), which represents a $2,183 increase compared to the previous 30 day period (November 8 - December 7) and ($18,900) 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 2-bedroom homes in Welland over the last 30 days (December 8 - January 6) stood at 640.0%, down from 2,633.3% over the previous 30 days (November 8 - December 7) and up from 57.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Welland stood at 25 days when successfully sold over the last 30 days (December 8 - January 6), compared to 85 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Nrc Realty
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