360 First Avenue, Welland, ON
Property Highlights
Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of 767 - N. Welland. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $689,900 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.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 56 x 109 ft lot
- Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Investor-friendly opportunity at 360 First Ave in Welland. This newly renovated detached 3+3 bedroom backsplit offers approximately 1,100 sq. ft. above grade, plus a finished lower level with separate entrance, 2 bathrooms, 2 kitchens, and parking for up to 10 vehicles. The current owner previously rented the home by the room to students and health care workers, reportedly collecting $750 per room across 6 rooms, for a total of $4,500 per month. Buyers to verify rental income and intended use. The main level features a renovated kitchen withstainless steel appliances, coffee bar, bright living space, 3 bedrooms, and a 4-piece bath.The lower level includes 3 additional bedrooms, an eat-in kitchen, 3-piece bath, and separate entrance through the solarium, offering excellent flexibility for investors, multi-generational families, or buyers seeking income potential. Conveniently located near Niagara College, schools, parks, shopping, restaurants, public transit, and just a short drive to Brock University. A turnkey opportunity in a high-demand rental area.
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Pricing & Value Insights
Data-driven valuation for 360 First Avenue, Welland, ON L3C 5Y9
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About Purchasing a Home in Welland, ON
For a property listed at $689,900 in Welland, the legal minimum down payment is $43,990 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 $10,273 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 $10,273.
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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.