123 Elgin Street, Welland, ON

$529,900
MLS#:X9369663
2 beds
3 baths
1.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 769 - Prince Charles. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $529,900 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.

  • 2 Bedrooms and 3 Bathrooms
  • Premium 65 x 99 ft lot size
  • Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via other

Description

Nestled within the charming Chippawa Park neighbourhood, this captivating century-old residence occupies a generous 65 x 100 corner lot, fully enclosed for privacy. Surrounded by lush, mature trees and elegant heritage homes, its picturesque setting is further enhanced by its proximity to the serene Welland Canal, offering an array of outdoor activities such as walking, cycling, or canoeing, just moments away. Within easy reach of schools, a library, and various dining options, all contributing to the convenience of everyday life. This delightful 1 1/2 Storey home boasts two bedrooms and three bathrooms across 1444 sqft of living space. Upon entering the welcoming foyer, one is greeted by a snug living area and an adjacent open reading nook, perfect for unwinding after a long day. The main floor also accommodates a bedroom, a renovated bathroom, and a spacious eat-in kitchen complete with a custom island and modern appliances. Ascending to the upper level reveals a serene retreat, comprising a fully renovated second bedroom and an indulgent spa-like bathroom featuring a claw foot bathtub. Laundry facilities, along with an additional powder room, are conveniently situated on the lower level, with sliding glass doors leading to the expansive backyard, offering ample space for outdoor enjoyment and relaxation. The zoning of this home leads to endless possibilities along with the detached workshop/garage ideal for a hobbyist or handyman. 5 minute drive to Niagara College and a 15 minute drive to Brock University! Ideal for those seeking character and charm in an enviable locale, this home presents a unique opportunity that simply cannot be missed.

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Property Summary

This detached home located at 123 Elgin Street, Welland is currently for sale and has been available on SousaSells for 657 days. This property is listed at $529,900 with an estimated mortgage of $1,764* per month. It has 2 beds, 3 bathrooms, and is unknown square feet. 123 Elgin Street, Welland is in the 769 - Prince Charles neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 28, 2025
Sold price information is available to members only
Listed Date9/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionStucco (Plaster)
BasementPartial Basement, Unfinished
Lot Size65 × 99 Feet
CountyNiagara
Annual Tax$3,800
Legal DescriptionLT 26 PL 549-550; PT LT 25 PL 549-550 AS IN RO686751 ; WELLAND

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeAttached

Heating & Cooling

Heat SourceOther
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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123 Elgin 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 123 Elgin Street W, Welland, ON L3C 4S5

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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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$158,970 (30.0%)
* Minimum Canadian down payment required for this price is $27,990.
Amortization Period30 Years
Estimated Monthly Payment$1,764Based on a loan of $370,930 over 30 years.
Purchase Price$529,900
Loan Amount$370,930
Provincial Land Transfer Tax:$7,073
Total Estimated Closing Taxes:$7,073

About Purchasing a Home in Welland, ON

For a property listed at $529,900 in Welland, the legal minimum down payment is $27,990 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 $7,073 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 $7,073.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 769 - Prince Charles, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$648,524

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

Fitch Street
Public164 Fitch Street, Welland, Ontario, L3C 4V5
8.1
Holy Name
Public290 Fitch Street, Welland, Ontario, L3C 4W5
7.9
du Sacré-Coeur
Public310 Fitch Street, Welland, Ontario, L3C 4W5
5.8
Gordon
Public468 Thorold Road, Welland, Ontario, L3C 3W6
7.2
Ross
Public358 Niagara Street, Welland, Ontario, L3C 1K9
6.5

Secondary Schools

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

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.