187 Commercial Street, Welland, ON

$499,900
MLS#:X12055418
5 beds
2 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on April 15, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised semi-detached located in the coveted neighborhood of 773 - Lincoln/Crowland. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $499,900 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 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 33 x 100 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Water Heater, In-Law Suite, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome To This Beautifully Maintained And Freshly Painted Raised Bungalow, Perfect For Families Or Investors! This Move-in Ready Home Is Located In A Family Friendly Neighbourhood And Offers A Bright And Spacious Living Environment With Major Upgrades For Your Comfort And Peace Of Mind. Enjoy The Privacy Of No Rear Neighbours. This Carpet-free Home Features A Main Floor Unit With 3 Bedrooms And 1 Bathroom, Boasting Huge Windows That Allow Abundant Natural Sunlight, Hardwood Flooring Throughout, And Its Own Private Washer And Dryer. The Basement Serves As An In-law Suite With A Separate Entrance, Offering 2 Bedrooms, 1 Bathroom, Its Own Full Kitchen, Washer And Dryer. Upgrades Include Roof (2019), Furnace (2020), And A/C (2020). The Home Comes Fully Equipped With 2 Fridges, 2 Stove/ovens, 2 Dishwashers, 2 Washers, And 2 Dryers. Conveniently Located Within Walking Distance To Essential Amenities Such As Shoppers Drug Mart, FreshCo, Tim Hortons, And KFC, With Quick Access To Hwy 406, This Home Offers Both Comfort And Convenience. Don't Miss This Incredible Opportunity!

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Property Summary

This detached home located at 187 Commercial Street, Welland is currently for sale and has been available on SousaSells for 475 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 5 beds, 2 bathrooms, and is 700-1100 square feet. 187 Commercial Street, 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

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 15, 2025
Sold price information is available to members only
Listed Date3/30/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural StyleBungalow-Raised
ConstructionAluminum Siding, Brick
BasementFinished
Lot Size33 × 100 Feet
CountyNiagara
Annual Tax$2,886.41
Legal DescriptionPT LTS 391 & 392 PL 963 PT 2 59R5384 ; WELLAND

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, Hospital

Interior Features

Water Heater, In-Law Suite, Carpet Free

Security Features

Community Features

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Location

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187 Commercial 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 187 Commercial Street, Welland, ON L3B 5Z5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$149,970 (30.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period30 Years
Estimated Monthly Payment$1,664Based on a loan of $349,930 over 30 years.
Purchase Price$499,900
Loan Amount$349,930
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Welland, ON

For a property listed at $499,900 in Welland, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$566,884

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

Saint-François-d'Assise
Public58 Empress Avenue, Welland, Ontario, L3B 1K9
5.6
Diamond Trail
Public315 Southworth Street, Welland, Ontario, L3B 1Z8
7.2
St Mary
Public120 Plymouth Road, Welland, Ontario, L3B 3C7
6.3
Princess Elizabeth
Public330 Camrose Avenue, Welland, Ontario, L3B 1P2
6.3
Plymouth
PublicPlymouth Road, Welland, Ontario, L3B 3C7
10.0

Secondary Schools

Eastdale
Public170 Wellington Street, Welland, Ontario, L3B 1B3
4.5
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.