24 EMPIRE STREET, Welland (Lincoln/Crowland)
$549,000
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 5 bedrooms, 3 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13661362
- Neighbourhood
- 773 - Lincoln/Crowland
Exceptional Vacant Multi-Unit Investment Property - East Welland - Rare opportunity to acquire a vacant multi-unit property in the sought-after East Welland area. Situated on an impressive 231-foot deep lot, this property features two separate residential buildings offering excellent income potential and flexibility for investors or owner-occupiers. The main dwelling is configured as a duplex, consisting of :One 1-bedroom unit, One 2-bedroom unit. At the rear of the property is a self-contained accessory dwelling unit featuring a 2-bedroom unit, ideal for additional rental income or extended family use. Property Features : Three total residential units Fully vacant - immediate possession available Extra-deep 231 ft lot Separate electrical breaker panels for both buildings Two hot water tanks (one owned, one rental) Excellent opportunity to set market rents or occupy one unit while generating income from others Conveniently located close to schools, shopping, transit, and amenities. A solid addition to any investment portfolio with strong long-term potential. Property has been fire and electrical inspected in 2017. There are 3 off street parking spaces at the front of the property. Located close to 406 for quick highway access.
Sold data
Multiplex homes in Welland (Lincoln/Crowland) — recent sold market
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.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.
- Median days to sell
- 63
- Median sale price
- $589,900
- Sale-to-list ratio
- 95.2%
- Sold above asking
- 3%
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
Schools in Welland (Lincoln/Crowland)
Welland (Lincoln/Crowland) 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 (Lincoln/Crowland)
- 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 24 EMPIRE STREET
$549,900
Multiplex4+231,100–1,500 sqft50 FIFTH STREET, 773 - Lincoln/Crowland, Welland
$599,900
Multiplex54394 ELLIS STREET, 210 - Downtown, Niagara Falls
$519,000
Multiplex521,500–2,000 sqft20 HENRY STREET, 451 - Downtown, St. Catharines
$499,000
Multiplex522,000–2,500 sqft3493 HIGHWAY 3, 874 - Sherkston, Port Colborne
$579,999
Detached5+221,100–1,500 sqft152 AFTON AVENUE, 773 - Lincoln/Crowland, Welland
$495,000
Semi-Detached/Link5+22700–1,100 sqft83 COMMERCIAL STREET, 773 - Lincoln/Crowland, Welland
$575,000
Detached5+221,100–1,500 sqft38 COLLIER ROAD N, 557 - Thorold Downtown, Thorold
$430,000
Detached3+12700–1,100 sqft68 CARLTON STREET, 451 - Downtown, St. Catharines