$299,900
For sale: Detached

Sold under Power of Sale - Excellent opportunity for investors, renovators, and developers in Downtown Welland. This detached two-storey brick home sits on a prominent corner lot and offers five bedrooms, two bathrooms, two kitchens, a finished basement, and a detached garage with access from Kent Street. Previously rented for $2,200 per month for the main portion and $1,050 per month for the basement, providing a combined rental income of $3,250 per month. The basement offers potential for an in-law suite or accessory unit, subject to municipal approvals. Vacant with immediate possession and within walking distance of downtown, schools, shopping, the farmers market, transit, and the Welland Canal. Motivated seller, offers welcome anytime!
Sold data
Detached homes in Welland (Welland Downtown) took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 53, across 140 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.
The median sale price was $549,900.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 34% of sellers reduced their price before finding a buyer.
Based on 140 recorded sales in the last 90 days. 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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