$249,900
For sale: Multiplex

A unique opportunity for investors, renovators and developers! This two-storey home has been completely gutted and is ready for renovation. Previously used as a duplex, the property offers the potential to be restored as a duplex, converted into a spacious single-family home or possibly redesigned into three smaller one-bedroom units, subject to zoning, municipal approvals and permits. This property is being sold only as part of a package with 13 Duncan Street. See MLS #X13751778. The properties will not be sold separately.
Sold data
Multiplex homes in Welland (Lincoln/Crowland) took a median of 63 days to sell over the last 365 days, with the quickest quarter selling within 25 days and the slowest quarter taking more than 104, across 33 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.
The median sale price was $589,900.
Homes sold for about 4.8% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 36% of sellers reduced their price before finding a buyer.
Based on 33 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Welland (Lincoln/Crowland) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

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