54 Patterson Avenue, Welland, ON

$549,900
MLS#:X8392540
5 beds
4 baths
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] duplex located in the coveted neighborhood of 768 - Welland Downtown. Expertly crafted featuring premium vinyl siding and aluminum siding construction, this residence presents an exceptional opportunity offered at $549,900 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.

  • 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Premium 51.1 x 132.5 ft lot size
  • Features a ["separate entrance", "partially finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

Introducing a fantastic investment opportunity! This raised bungalow comes with permits for renovations, primed for conversion into an income-generating duplex. With drawings already finalized, the new owner can oversee the completion of renovations to their taste. The upper unit is designed to feature a spacious 3-bedroom, 2-bathroom apartment with a projected rent of $2,350 per month. Meanwhile, the lower unit offers a cozy 2-bedroom, 1-bathroom layout, with a projected rent of $1,700 per month. Don't miss out on this chance to maximize your investment potential!

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 21, 2024
Sold price information is available to members only
Listed Date5/30/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionVinyl Siding, Aluminum Siding
Lot Size51.1 × 132.5 Feet
CountyNiagara
Annual Tax$3,734.29
Legal Description54 PATTERSON Avenue, Welland, Ontario L3B 2C4

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Fenced Yard, Hospital, Park, Public Transit, School, Place Of Worship

Community Features

Location

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54 Patterson Avenue, Welland, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for 768 Welland Downtown, Welland.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
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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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 54 Patterson Avenue, Welland, ON L3B 2C4

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.

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Financial Audit

Estimated Costs

Loan Amount$439,920
Monthly Mortgage$2,556
Property Tax (Est.)$311
Utilities & Maint.$350
Total Monthly Cost$3,217

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.

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.