$389,900
For sale: Multiplex

Detached, two-storey, solid brick, up/down duplex, in the heart of Welland! This property offers a versatile opportunity for investors, extended families, or buyers looking to offset their mortgage. Main floor is tenanted, upper unit will be vacant on closing - move in yourself, or rent it out at current market rent! The main-floor unit features 2-bedrooms, 1-bathroom, large eat-in kitchen, living room, and private laundry facilities in the basement. The upper unit offers 2-bedrooms, 1-bathroom, and kitchen complete with in-unit laundry. The unfinished, waterproofed basement is perfect for additional storage. Functional covered front porch, double-wide concrete driveway, and garden shed in the backyard. New combi-boiler (2022) - boiler system to all radiators through the house (clean heat), and serves as tankless hot water for each tap (energy efficient). Newer breaker panel - 200AMP service. Sump pump. Conveniently located close to shopping, grocery stores, schools, school-bus routes, public transit, and other everyday amenities - making this an attractive property for buyers and tenants alike.
Sold data
Multiplex homes in Welland (Welland Downtown) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.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 (Welland Downtown) 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.
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