87 Terrace Ave
772 - Broadway, Welland, L3C 6K1
FOR SALE
$444,900
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Property Description
Welcome to 87 Terrace Ave, where this semi-detached backsplit offers the perfect blend of comfort, style, and convenience. This spacious 3-bedroom, 2-bath home is ideal for growing families, first-time buyers, or anyone looking for a functional layout with plenty of room to entertain. The main level offers a generous sized family room along with the updated kitchen, while upstairs is where you'll find the 3 bedrooms and a 4-piece bath. The rec room on the lower level has a built in bar with space to host and leads to the basement that offers a 3-piece bath and plenty of room for storage. Don't miss out on this one!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-12 | 2025-02-09 | 89 | $474,900 | - | Suspended |
| 2024-11-12 | 2025-02-09 | 89 | $474,900 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Semi-Detached, Backsplit 4
Approximate Sq.Ft.
700-1100
Lot Size
20' x 110'
Fronting
East
Taxes
$2,796 (2024)
Basement
Full, Part Fin
Exterior
Brick Front, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 10.83' x 23.95' | |
| Kitchen | Main | 7.87' x 19.03' | |
| Br | Upper | 8.53' x 11.81' | |
| 2nd Br | Upper | 7.87' x 8.53' | |
| Prim Bdrm | Upper | 9.84' x 12.47' | |
| Bathroom | Upper | 4.92' x 8.86' | 4 Pc Bath |
| Rec | Lower | 19.03' x 19.69' | |
| Bathroom | Bsmt | 6.23' x 6.89' | 3 Pc Bath |
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Welland Market Statistics
Welland Price Trend
87 Terrace Ave is a 3-bedroom 2-bathroom home listed for sale at $444,900, which is $195,975 (30.6%) 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 Century 21 Avmark Realty Limited
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