53 Rice Road, Welland, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised 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 $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.
- 6 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 33.33 x 100 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor, In-Law Suite, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
*** Super Location!!! Rare And Unique Opportunity For Those Looking To Live In One Unit And Rent The Other, Or For Savvy Investors Seeking A Flexible Income Property. This Raised Bungalow Offers Two Fully Separate Three Bedroom Self Contained Units With Their Own Private Entrances, Kitchens, And Laundries. The Main Level Features A Light Filled Open Concept Living And Dining Area, Three Bedrooms Including A Primary With A Newer 3Piece Ensuite (2022), And An Additional Full Bathroom, Plus A Raised Deck Perfect For Enjoying Summer Evenings. The Lower Unit Boasts AboveGrade Windows, A Spacious Open Living And Dining Area, A Full 3 Piece Bathroom, Separate Kitchen, And Laundry Room, Ideal For InLaw Privacy. The Units Are Also Connected By An Interior Door, So The Entire Home Can Be Enjoyed As A Single Residence If Desired. The Property Offers Parking For Up To Five Vehicles.Located In A Super Convenient Area, This Home Is Just A 10 Min Walk To Niagara College Welland Campus And Only A 5 MIn Walk To Local Schools, Grocery Stores, Shops, Restaurants, And Seaway Mall. The Neighborhood Is Known To Be Highly Walkable To Campus And Amenities. Easy Access To Highway 406 Further Enhances Convenience.This Property Represents A Fantastic Rental Opportunity For Niagara College Students Seeking Off Campus Housing, Or For Live In Landlords Seeking To Live In One Unit And Rent The Other. With Its Flexible Layout, Prime Location, And Strong Rental Appeal, This Property Packs A Ton Of Added Value And Truly Must Be Seen In Person! Book Your Private Showing Today
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Property Summary
This detached home located at 53 Rice Road, Welland is currently for sale and has been available on SousaSells for 395 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 6 beds, 3 bathrooms, and is 1100-1500 square feet. 53 Rice Road, 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
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Features
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Interior Features
Primary Bedroom - Main Floor, In-Law Suite, In-Law Capability
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 53 Rice Road, Welland, ON L3C 2V5
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 $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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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.