75 Downriver Drive, Welland, ON

$649,000
MLS#:X9300360
3 beds
3 baths
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 11, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 774 - Dain City. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $649,000 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.

  • 3 Bedrooms and 3 Bathrooms
  • Premium 25.72 x 94.56 ft lot size
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Sump Pump, Ventilation System, Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Brand New All Bricks Exterior- Ready to Move In, 3BR+3WR. Where Luxury Meets Affordability In The Fast Growing Town Of Welland, ON. Equipped With CAC. Laundry Room, Garage Access Inside The House, Open Concept Living Area With Large Windows An Abundance Of Natural Light. Walking Distance to Main Bus Terminal Close to Highway & Niagara College & Brock University Very Convenient Central Location, Close to Highly Rated Public Schools

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Property Summary

This detached home located at 75 Downriver Drive, Welland is currently for sale and has been available on SousaSells for 681 days. This property is listed at $649,000 with an estimated mortgage of $2,160* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 75 Downriver Drive, Welland is in the 774 - Dain City neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 11, 2024
Sold price information is available to members only
Listed Date9/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFull, Unfinished
Lot Size25.72 × 94.56 Feet
CountyNiagara
Annual Tax$1
Legal DescriptionLOT 73, PLAN 59M504 SUBJECT TO AN EASEMENT AS IN

Parking & Garage

Parking Total3.0
Parking Space2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Sump Pump, Ventilation System, Water Heater

Security Features

Community Features

Location

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75 Downriver 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 75 Downriver Drive E, Welland, ON L3B 0M4

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$194,700 (30.0%)
* Minimum Canadian down payment required for this price is $39,900.
Amortization Period30 Years
Estimated Monthly Payment$2,160Based on a loan of $454,300 over 30 years.
Purchase Price$649,000
Loan Amount$454,300
Provincial Land Transfer Tax:$9,455
Total Estimated Closing Taxes:$9,455

About Purchasing a Home in Welland, ON

For a property listed at $649,000 in Welland, the legal minimum down payment is $39,900 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 $9,455 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 $9,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 774 - Dain City, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$681,897

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

Diamond Trail
Public315 Southworth Street, Welland, Ontario, L3B 1Z8
7.2
St Augustine
Public300 Santone Avenue, Welland, Ontario, L3C 2J8
4.4
Plymouth
PublicPlymouth Road, Welland, Ontario, L3B 3C7
10.0
St Mary
Public120 Plymouth Road, Welland, Ontario, L3B 3C7
6.3
Saint-François-d'Assise
Public58 Empress Avenue, Welland, Ontario, L3B 1K9
5.6

Secondary Schools

Eastdale
Public170 Wellington Street, Welland, Ontario, L3B 1B3
4.5

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.