118 MARGERY Road, Welland, ON

$329,000
MLS#:X9408022
2 beds
1 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 768 - Welland Downtown. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $329,000 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 32 x 109.5 ft lot
  • Features a walk-up, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Water Heater, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Cosy 2 bedroom home in quiet area at an affordable price - great alternative to renting. Separate dining room, built-in dishwasher, Central Vacuum. Rear shed, rear concrete patio, fenced yard. covered front porch. Furnace replaced in 2015. Washer and Dryer included. Convenient location, close to Highway 406, quick highway access to the Toronto Corridor and Canada/US Borders. Close to East and North Welland conveniences, the Welland River, Welland Canal, Schools and plenty of shopping options in plazas, the Seaway Mall and Big Box Shopping. Affordable living for the starter buyer, retired couple or great opportunity for the investor. PROPERTY RENTALS: Central air-conditioning unit, Hepa filter and carbon water filter are currently rented will be cleared on closing. Closing subject to receipt of certificate of probate. Executor has not lived in home, cannot make any warranties. AFFORDABLE, COZY HOME - WORTH A LOOK AT THIS PRICE.

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Property Summary

This detached home located at 118 MARGERY Road, Welland is currently for sale and has been available on SousaSells for 752 days. This property is listed at $329,000 with an estimated mortgage of $1,095* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 118 MARGERY Road, Welland is in the 768 - Welland Downtown neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/24/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementWalk-Up, Separate Entrance
Lot Size32 × 109.5 Feet
CountyNiagara
Annual Tax$2,255
Legal DescriptionPL 54 Lot 15 NP602

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Hospital, Fenced Yard

Interior Features

Water Heater, Central Vacuum

Security Features

Smoke Detector

Community Features

Location

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118 MARGERY Road, 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 118 MARGERY Road, Welland, ON L3B 2R1

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Welland.

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Interest Rate4.00%
Down Payment$98,700 (30.0%)
* Minimum Canadian down payment required for this price is $16,450.
Amortization Period30 Years
Estimated Monthly Payment$1,095Based on a loan of $230,300 over 30 years.
Purchase Price$329,000
Loan Amount$230,300
Provincial Land Transfer Tax:$3,410
Total Estimated Closing Taxes:$3,410

About Purchasing a Home in Welland, ON

For a property listed at $329,000 in Welland, the legal minimum down payment is $16,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $3,410 for this transaction. As this listing is in Welland (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,410.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 768 - Welland Downtown, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$524,226

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

Princess Elizabeth
Public330 Camrose Avenue, Welland, Ontario, L3B 1P2
6.3
St Kevin
Public182 Aqueduct Street, Welland, Ontario, L3C 1C4
7.0
St Mary
Public120 Plymouth Road, Welland, Ontario, L3B 3C7
6.3
Ross
Public358 Niagara Street, Welland, Ontario, L3C 1K9
6.5
Plymouth
PublicPlymouth Road, Welland, Ontario, L3B 3C7
10.0

Secondary Schools

Notre Dame
Public64 Smith Street, Welland, Ontario, L3C 4H4
6.2
Eastdale
Public170 Wellington Street, Welland, Ontario, L3B 1B3
4.5
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.