28 Grove Street, Welland, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of 768 - Welland Downtown. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $399,900 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 31.7 x 92.3 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient forced air heating via gas
Description
High-Yield Potential in the Heart of WellandAttention investors and house-hackers! This solid-brick 2-storey home at 28 Grove St offers an opportunity to build equity in a growing market. Currently configured as a duplex, this property features a 1-bedroom, 1-bath unit on the main floor and a sprawling upper unit with a flexible layout capable of accommodating up to 4 bedrooms.The building is rich with original character-think solid wood trim, pocket doors, and classic fireplace mantels-providing the perfect canvas for a modern renovation. With two hydro meters already in place, one gas meter, and a mix of on-lot and street parking, the infrastructure for a high-performing rental is here. Property sold "AS IS," making it the perfect project for those looking to add significant value. Roof replaced 2023
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Features
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Interior Features
Separate Hydro Meter
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Pricing & Value Insights
Data-driven valuation for 28 Grove Street, Welland, ON L3B 4B4
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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 $399,900 in Welland, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.
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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.