4 Eastwood Drive, Welland, ON

$499,000
MLS#:X11553129
7 beds
3 baths
4.5 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of 767 - N. Welland. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,000 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.

  • 7 Bedrooms and 3 Bathrooms
  • Premium 43.99 x 100 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.5 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover a fantastic investment opportunity at 4 Eastwood Dr, nestled in the vibrant North Welland, Ontario. This well- maintained 3-level backsplit is perfectly poised for rental income. Steps away from Niagara College. Transit stop conveniently located across the street, close to shopping centres, YMCA, Seaway Mall and minutes to the 406. Could be rented, making it an ideal choice for student housing, 3 full bathrooms and upgraded kitchens to meet modern standards. Attached garage and ample driveway parking provide added convenience for tenants.Don't miss this chance to add a valuable property to your investment portfolio.

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Property Summary

This detached home located at 4 Eastwood Drive, Welland is currently for sale and has been available on SousaSells for 594 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 7 beds, 3 bathrooms, and is unknown square feet. 4 Eastwood Drive, Welland is in the 767 - N. Welland neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
7
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 17, 2025
Sold price information is available to members only
Listed Date11/29/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBacksplit 3
ConstructionBrick
BasementFinished
Lot Size43.99 × 100 Feet
CountyNiagara
Annual Tax$4,076.68
Legal DescriptionPLAN 59M137 LOT 47

Parking & Garage

Parking Spaces4.5
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater

Security Features

None

Community Features

Location

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4 Eastwood Drive, 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 4 Eastwood Drive, Welland, ON L3C 6W3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Welland.

Configure Loan Settings

Interest Rate4.00%
Down Payment$149,700 (30.0%)
* Minimum Canadian down payment required for this price is $24,950.
Amortization Period30 Years
Estimated Monthly Payment$1,661Based on a loan of $349,300 over 30 years.
Purchase Price$499,000
Loan Amount$349,300
Provincial Land Transfer Tax:$6,455
Total Estimated Closing Taxes:$6,455

About Purchasing a Home in Welland, ON

For a property listed at $499,000 in Welland, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 767 - N. Welland, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$657,033

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

Glendale
Public24 Farnham Avenue, Welland, Ontario, L3C 3R1
8.1
Quaker Road
Public333 Quaker Road, Welland, Ontario, L3C 3G7
7.6
Alexander Kuska KSG
Public333 Rice Road, Welland, Ontario, L3C 2V9
5.8
Ross
Public358 Niagara Street, Welland, Ontario, L3C 1K9
6.5
Nouvel Horizon
Public621 Quaker Road, Welland, Ontario, L3C 3H1
4.7

Secondary Schools

Centennial
Public240 Thorold Road, Welland, Ontario, L3C 3W2
6.7
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.