31 Wright Street, Welland, ON

$355,000
MLS#:X11604724
4 beds
2 baths
1100-1500 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] duplex located in the coveted neighborhood of 773 - Lincoln/Crowland. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $355,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 35 x 110 ft lot
  • Features a ["separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Storage, Separate Hydro Meter
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! Legal Duplex with two vacant 2 bedroom units. Income in range of 26000 to 33000 per year. If you're in search of a promising investment opportunity or live and rent, don't miss this one.This property features two separate 2-bedroom units with completely independent tenant responsible utilities (gas and hydro meters), separate furnaces and hot water heaters, each with its own laundry facilities, located in a divided partially finished basement, brand new windows, High efficiency furnaces (owned), and TONS OF POTENTIAL!. Either rent both or rent one and live in the other and have the tenants pay your mortgage. Fantastic cap rate on this property.Full basement, partially finished with front and back access and convenient 2 pc bath. Potential to develop another unit in the basement with rear entrance.Currently 100% compliant with TSSA and fire separation requirements.Private single drive with 4+ parking and a detached single car garage/workshop with new roof in 2021.The duplex is situated in a central east Welland location with close proximity to shopping, public transit, and easy highway access. 20 minutes to niagara falls or St Caths and 10 minutes to the thorold campus. Make sure to add this to your list of must-see investments.

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 17, 2025
Sold price information is available to members only
Listed Date11/28/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionAluminum Siding
Lot Size35 × 110 Feet
CountyNiagara
Annual Tax$3,950.35
Legal DescriptionLot 17 Plan 13NP 936

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

School Bus Route, Public Transit, Place Of Worship, Park, Library, School

Community Features

Location

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31 Wright Street, Welland, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 31 Wright Street, Welland, ON L3B 2K2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$284,000
Monthly Mortgage$1,650
Property Tax (Est.)$329
Utilities & Maint.$350
Total Monthly Cost$2,329

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Welland.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 773 Lincolncrowland, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Ross
Public358 Niagara Street, Welland, Ontario, L3C 1K9
6.5
St Kevin
Public182 Aqueduct Street, Welland, Ontario, L3C 1C4
7.0
Fitch Street
Public164 Fitch Street, Welland, Ontario, L3C 4V5
8.1
Glendale
Public24 Farnham Avenue, Welland, Ontario, L3C 3R1
8.1
Holy Name
Public290 Fitch Street, Welland, Ontario, L3C 4W5
7.9

Secondary Schools

Notre Dame
Public64 Smith Street, Welland, Ontario, L3C 4H4
6.2
Centennial
Public240 Thorold Road, Welland, Ontario, L3C 3W2
6.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.