171 Wallace Avenue, Welland, ON
Property no longer active
This property was sold on May 8, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of 773 - Lincoln/Crowland. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $549,000 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.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 45.11 x 100.26 ft lot
- Features a finished, 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: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 171 Wallace Ave S, a beautifully updated 3+2 bedroom and 3 bathroom, corner-lot raised bungalow in the heart of Welland. Situated on a 45 x 100 ft lot, this home offers a spacious and functional layout, making it perfect for families, investors, or those looking for multi-generational living. Step inside to find a bright and open-concept family room with hardwood flooring, large windows, and pot lights that create a warm and inviting atmosphere. The gourmet kitchen features quartz countertops, a breakfast bar, and ample cabinetry, making it the perfect space for both daily living and entertaining. The primary bedroom boasts a private 3-piece ensuite and a walk-in closet, while two additional well-sized bedrooms offer great space and natural light. The freshly painted finished basement is a standout feature, offering a separate entrance, two additional bedrooms, a full kitchen, and a 4-piece bathroom, providing incredible potential for an in-law suite or rental income. A spacious recreation area completes the lower level, offering additional living space. Outside, the private triple-wide driveway plus detached garage is perfect for multiple vehicles. Conveniently located near parks, schools, public transit, shopping centres, and the Welland Canal, this home is perfectly positioned for both comfort and convenience. This Power of Sale opportunity will not last long.
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Property Summary
This detached home located at 171 Wallace Avenue, Welland is currently for sale and has been available on SousaSells for 521 days. This property is listed at $549,000 with an estimated mortgage of $1,827* per month. It has 5 beds, 3 bathrooms, and is 1100-1500 square feet. 171 Wallace Avenue, Welland is in the 773 - Lincoln/Crowland neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 171 Wallace Avenue S, Welland, ON L3B 1R4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Welland, ON
For a property listed at $549,000 in Welland, the legal minimum down payment is $29,900 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 $7,455 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 $7,455.
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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.