240 Wallace Avenue, Welland, ON
Property no longer active
This property was sold on January 29, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of 773 - Lincoln/Crowland. Expertly crafted featuring premium brick and vinyl 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.
- 4 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 45 x 100 ft lot
- Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater, Primary Bedroom - Main Floor, Accessory Apartment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Perfect Family Property or looking for a great investment property?. This property has 3 kitchens, 3 full baths, and 3 separate entrances. It's a Duplex with a 2 bedroom in-law suite. 1.5 car garage plus a large attached shed for storage. Garage has electricity and a heater. The upstairs has a 1 bedroom unit. The main floor has 1 bedroom plus a laundry room which was previously used as a second bedroom and can easily be converted back. The main floor has a nicely updated kitchen and bath. The basement has a large kitchen, dining area a large bathroom, it's own laundry, 2 bedrooms and a separate entrance. Upper unit was freshly painted, the basement bedrooms fre3shly painted. The roof on the house was redone 2018, Roof on the garage 2022. Windows were installed in 2006. It's conveniently located close to the 406, shopping, schools and Niagara College. The property will be vacant so you can make your own rent.
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Property Summary
This duplex located at 240 Wallace Avenue, Welland is currently for sale and has been available on SousaSells for 549 days. This property is listed at $549,900 with an estimated mortgage of $1,830* per month. It has 4 beds, 3 bathrooms, and is 1100-1500 square feet. 240 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
School Bus Route, School, Public Transit, Hospital, Park
Interior Features
Water Heater, Primary Bedroom - Main Floor, Accessory Apartment, Auto Garage Door Remote, In-Law Suite
Security Features
Community Features
Location
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 240 Wallace Avenue S, Welland, ON L3B 1R6
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 $549,900 in Welland, the legal minimum down payment is $29,990 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 $7,473 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 $7,473.
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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.