14 days on Market

71 Commercial St, Welland, Ontario L3B 5Y8

Detached
3 + 2
2
~1100-1500 sqft
$549,900
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Detached
3 + 2
2
~1100-1500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$433/sqft

Est. Mortgage$2,362/mo

Tax Amount (2024)$3,121/yr

Days On Market14 days


Description

Situated in a sought-after South Welland neighborhood, this versatile 5-bedroom, 2-bathroom bungalow offers incredible potential for multi-generational living, rental income, or a live-and-rent opportunity. The main floor, renovated in 2021, showcases modern upgrades, fresh flooring, stylish kitchen and bathroom finishes, and the convenience of main-floor laundry. The self-contained lower level, updated in 2023, features a private entrance, a full kitchen, a bathroom, and two additional bedrooms, perfect for tenants, in-laws, or guests. Step outside to a backyard that backs onto greenspace, ideal for nature lovers and pet owners. The garage has been converted for extra square footage but can easily be reverted if preferred. With easy access to groceries, gyms, the Welland Canal, and other essential amenities, this home offers both convenience and fantastic rental potential. Don't miss out on this incredible opportunity!


Property Details

StyleBungalow
View-
Age of property31-50
SqFt~1100-1500 SqFt
Lot Size3,261 SqFt(100 x 32.62)
Parking Spaces2
MLS ®NumberX12074627
Community NameOntario Road / Dain City
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished, Sep Entrance

Main Floor

Kitchen

3.29 x 2.8

Dining

3.87 x 2.77

Living

4.41 x 3.47

Primary

3.38 x 3.2


Features

Lot size: 3,261 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by EXP REALTY, Brokerage
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Market Data - Ontario Road / Dain City

Geo Zone Map ThumbnailOntario Road / Dain City

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2024

33 days

2023

39 days

2022

8 days

New Listings

Past 30 days

22 listings

Compared to

2024

29 listings

2023

26 listings

2022

19 listings

Units sold

Past 30 days

6 units

Compared to

2024

14 units

2023

13 units

2022

17 units

Median Sold Price

Past 30 days

$500,000

Compared to

2024

$699,500

2023

$587,000

2022

$700,000


Population and Demographics

Overview

Total population 4998
Average household income $91,200

Age (%)

50 to 64
22%
0 to 19
22%
20 to 34
19%
65 and plus
18%
35 to 49
18%

Household composition (%)

Single family
66%
Single person
29%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
84%
French
9%
Others
2%
English and French
2%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
73%
Renters
27%

Schools and amenities

Estimated Budget