196 EAST MAIN STREET, Welland (Welland Downtown)

$599,900

For sale: Other

Other at 196 EAST MAIN STREET, Welland (Welland Downtown)
Property type
Office
MLS®
MLS® X13442614
Neighbourhood
768 - Welland Downtown

Great, long-term investment opportunity located in the historic and vibrant core of Welland. Approx. 2,400 sq. ft. one and a half-storey, free-standing commercial property. This income producing building is currently fully occupied by a professional Tenant with a triple-net lease in place. Building is currently finished office space with main floor consisting of reception area, waiting area, several offices and two, 2-piece washrooms. Second floor features open area, more private offices, kitchenette and one 3-piece washroom. Main floor has central air, boiler heat throughout. Property has some on-site parking as well as free, two-hour street parking directly in front of the Premises. Located close to all amenities, public transit and easy access to Highway 406. Excellent opportunity to invest with instant income now and many opportunities in the future.

Sold data

Homes in Welland Downtown — recent sold market

Homes in Welland Downtown took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 63, across 48 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.

The median sale price was $427,400.

Homes sold for about 4.3% below asking on average, so there was room to negotiate.

About 2% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$427,400
Sale-to-list ratio
95.7%
Sold above asking
2%

Based on 48 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

Schools in Welland (Welland Downtown)

Welland (Welland Downtown) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.

Rated schools
23
Elementary
18
Secondary
5
Average rating
6.5 / 10

Top-rated schools in Welland (Welland Downtown)

  • Plymouth — elementary, WellandFraser rating 10.0/10
  • Fitch Street — elementary, WellandFraser rating 8.1/10
  • Glendale — elementary, WellandFraser rating 8.1/10
  • Holy Name — elementary, WellandFraser rating 7.9/10
  • Quaker Road — elementary, WellandFraser rating 7.6/10
  • Diamond Trail — elementary, WellandFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 196 EAST MAIN STREET