Sold for:Sold Jan 17, 2025
$355,000

31 Wright Street

Welland (Lincoln/Crowland), ON L3B 2K2

Multiplex SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 31 Wright Street, Welland, Lincoln/Crowland

2024-11-28
2025-01-17
Sold
Price
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MLS#
x11604724
2024-09-20
2024-11-21
Expired
Price
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 31 Wright Street, Welland, Lincoln/Crowland

ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! Legal Duplex with two vacant 2 bedroom units. Income in range of 26000 to 33000 per year. If you're in search of a promising investment opportunity or live and rent, don't miss this one.This property features two separate 2-bedroom units with completely independent tenant responsible utilities (gas and hydro meters), separate furnaces and hot water heaters, each with its own laundry facilities, located in a divided partially finished basement, brand new windows, High efficiency furnaces (owned), and TONS OF POTENTIAL!. Either rent both or rent one and live in the other and have the tenants pay your mortgage. Fantastic cap rate on this property.Full basement, partially finished with front and back access and convenient 2 pc bath. Potential to develop another unit in the basement with rear entrance.Currently 100% compliant with TSSA and fire separation requirements.Private single drive with 4+ parking and a detached single car garage/workshop with new roof in 2021.The duplex is situated in a central east Welland location with close proximity to shopping, public transit, and easy highway access. 20 minutes to niagara falls or St Caths and 10 minutes to the thorold campus. Make sure to add this to your list of must-see investments.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,950
Land Transfer Tax Fee
$3,800

Basement Type
Separate Entrance

Interior Features

Laundry Level
Lower Level
Interior Extras
Storage, Separate Hydro Meter
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Porch, Lighting, Year Round Living
Pool
None
Property Features
School Bus Route, Public Transit, Place Of Worship, Park, Library, School

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
31-50

Construction

Exterior Finish
Aluminum Siding
Roof
Asphalt Shingle
Foundation Details
Concrete Block
Special Designation
Unknown

Lot

Lot Front
35.00 ft
Lot Depth
110.00 ft
Lot Shape
Rectangular

Parking & Garages

Garage Type
Detached
Garage Spaces
1
Parking Spaces
3
Total Garage And Parking Spaces
4

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
4
Washrooms
2
Kitchens
2
Family / bonus room
Yes

Washrooms

  • 4-piece

Municipality
Welland
Neighbourhood
Lincoln/Crowland
Main cross streets
Ontario Rd
Zoning
RL2

MLS® number
X11604724
Data source
Toronto Regional Real Estate Board
Status change
2025-01-17
Listed on
2024-11-28
Days on market
50 days
Possession type
Immediately
Co-op commission
2% plus HST
Seller
Listed by
A.G. ROBINS & COMPANY LTD, BROKERAGE

Home Market Value

Current home valuation for 31 Wright Street, Welland, Lincoln/Crowland, Welland, ON. Listed for $355,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 31 Wright Street, Welland, Lincoln/Crowland

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Welland, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$17,750

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$13,490$9,905$8,449$0
=Total mortgage
$350,740$329,405$310,199$284,000
Amortization
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%
%
%
Payment frequency
=Mortgage payment
$1,712monthly$1,608monthly$1,515monthly$1,387monthly
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Land Transfer Tax

Provincial

$3,800

Total Land Transfer Tax

$3,800

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5/100Almost All Errands Require a Car
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