54 Patterson Avenue, Welland, ON
Property no longer active
This property was sold on June 21, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised duplex located in the coveted neighborhood of 768 - Welland Downtown. Expertly crafted featuring premium vinyl siding and aluminum 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.
- 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Premium 51.1 x 132.5 ft lot size
- Features a separate entrance, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
Introducing a fantastic investment opportunity! This raised bungalow comes with permits for renovations, primed for conversion into an income-generating duplex. With drawings already finalized, the new owner can oversee the completion of renovations to their taste. The upper unit is designed to feature a spacious 3-bedroom, 2-bathroom apartment with a projected rent of $2,350 per month. Meanwhile, the lower unit offers a cozy 2-bedroom, 1-bathroom layout, with a projected rent of $1,700 per month. Don't miss out on this chance to maximize your investment potential!
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Property Summary
This duplex located at 54 Patterson Avenue, Welland is currently for sale and has been available on SousaSells for 779 days. This property is listed at $549,900 with an estimated mortgage of $1,830* per month. It has 5 beds, 4 bathrooms, and is unknown square feet. 54 Patterson Avenue, Welland is in the 768 - Welland Downtown 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
Fenced Yard, Hospital, Park, Public Transit, School, Place Of Worship
Interior Features
Water Heater
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 54 Patterson Avenue, Welland, ON L3B 2C4
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.