74-76 Park Street, Welland, ON

$499,900
MLS#:X8482678
4 beds
2 baths
1100-1500 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on July 13, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 768 - Welland Downtown. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $499,900 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.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 40 x 128.01 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover an exceptional duplex opportunity featuring two spacious units, each with 2 bedrooms, a full basement, and individual furnaces and central air conditioning systems. Recently updated in 2023, this property boasts a new roof, eavestroughs, several updated windows, and new tub surrounds. The kitchens have been modernized with quartz countertops, and the vacant unit has been freshly painted. Enjoy the convenience of front and back porches, private backyards, and the added benefit of a detached double car garage for the vacant unit. Situated on a bus route, this duplex offers easy access to transportation. With one side currently rented and the other vacant, its perfect for living in one unit while renting out the other, or as a full two-unit investment. Don't miss out on this versatile and well-maintained property!

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Property Summary

This duplex located at 74-76 Park Street, Welland is currently for sale and has been available on SousaSells for 751 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 74-76 Park Street, 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

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 13, 2024
Sold price information is available to members only
Listed Date6/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
Architectural Style2-Storey
ConstructionStucco (Plaster)
BasementFull, Unfinished
Lot Size40 × 128.01 Feet
CountyNiagara
Annual Tax$2,978.88
Legal DescriptionLT 88 PL 589; PT LANE PL 589 (AS CLOSED BY RO248153) LYING N OF PARK ST AS IN RO572533 ; WELLAND

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

School

Interior Features

Other

Security Features

Community Features

Location

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74-76 Park Street, 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 74-76 Park Street, Welland, ON L3B 4M5

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.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$149,970 (30.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period30 Years
Estimated Monthly Payment$1,664Based on a loan of $349,930 over 30 years.
Purchase Price$499,900
Loan Amount$349,930
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Welland, ON

For a property listed at $499,900 in Welland, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 768 - Welland Downtown, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$524,226

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

Princess Elizabeth
Public330 Camrose Avenue, Welland, Ontario, L3B 1P2
6.3
St Kevin
Public182 Aqueduct Street, Welland, Ontario, L3C 1C4
7.0
St Mary
Public120 Plymouth Road, Welland, Ontario, L3B 3C7
6.3
Ross
Public358 Niagara Street, Welland, Ontario, L3C 1K9
6.5
Plymouth
PublicPlymouth Road, Welland, Ontario, L3B 3C7
10.0

Secondary Schools

Notre Dame
Public64 Smith Street, Welland, Ontario, L3C 4H4
6.2
Eastdale
Public170 Wellington Street, Welland, Ontario, L3B 1B3
4.5
Centennial
Public240 Thorold Road, Welland, Ontario, L3C 3W2
6.7

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.