38-40 First Street
Welland (Lincoln/Crowland), ON L3B 4R9
- 7+2Bedrooms
- 5Bathrooms
- 0Parking
- 3500–5000Sq Ft
- $6,422Tax
- 100×166 ftLot Size
Free EstimateSee Free Estimate Report
This home has sold. It is no longer available.
Property not available for sale or for rent.
Sale & Price History for 38-40 First Street, Welland, Lincoln/Crowland
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-02-27 | 2025-06-16 | Login to See Prices | Sold | x11993763 |
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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 38-40 First Street, Welland, Lincoln/Crowland
Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $6,422
- Land Transfer Tax Fee
- $11,475
- Basement Type
- Full, Finished
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Hospital, Park, Public Transit, Rec./Commun.Centre, School
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 100.25 ft
- Lot Depth
- 166.24 ft
- Lot Size
- 16584
Inclusions
- Inclusions
- In as is condition: Washer and Dryer, Stove x 7, Fridge x 7
Exclusions
- Exclusions
- Tenant's belongings.
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 0
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Water
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 7 + 2
- Washrooms
- 5
- Kitchens
- 7
Washrooms
- 3-piece, Main
- 3-piece, Main
- 3-piece, Main
- 3-piece, Upper
- 3-piece, Upper
- Municipality
- Welland
- Neighbourhood
- Lincoln/Crowland
- Main cross streets
- King St. and First St.
- Zoning
- INSH
- Directions
- Lincoln St. to King St. to First St.
- MLS® number
- X11993763
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-06-16
- Listed on
- 2025-02-27
- Days on market
- 109 days
- Possession type
- Immediately w/ tenants
- Co-op commission
- 2.5
- Seller
- Listed by
- COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Home Market Value
Current home valuation for 38-40 First Street, Welland, Lincoln/Crowland, Welland, ON. Listed for $750,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 38-40 First 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
5% on first $500K + 10% on $250,000 over $500K
$50,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $27,990 | $20,925 | $17,850 | $0 |
=Total mortgage | $727,740 | $695,925 | $655,350 | $600,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,553monthly | $3,398monthly | $3,200monthly | $2,930monthly |
Land Transfer Tax
$11,475
$11,475
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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