Sold for:Sold Feb 1, 2025
$319,900

386 Gatfield Avenue

Welland (Lincoln/Crowland), ON L3B 5B2

Multiplex SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 386 Gatfield Avenue, Welland, Lincoln/Crowland

2024-12-02
2025-02-02
Sold
Price
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MLS#
x11823759

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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 386 Gatfield Avenue, Welland, Lincoln/Crowland

Looking for your next investment opportunity or renovation project? This legal non-conforming Duplex with accessory apartment is packed with potential and is waiting for your creative touch! Nestled in a desirable neighbourhood with strong rental demand, this property is perfect for a savvy investor or contractor. Key features include three separate units each offering good living space, private entrances and flexible floor plans that cater to a variety of tenant needs plus with its spacious lot size, there is room for outdoor enhancements, parking or even an expansion project. Currently the building is completely tenanted with rents of $700.00; $550.00 and $650.00 per month. While the building does need some TLC, it presents a fantastic opportunity for those with an eye for renovation and a knack for maximizing returns!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,704
Land Transfer Tax Fee
$3,274

Rental Items

Rental Equipment
GAS WATER TANK
Under Contract
Hot Water Tank-Gas

Basement Type
Finished with Walk-Out, Apartment

Interior Features

Laundry Level
Lower Level
Interior Extras
Water Heater
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Deck, Patio
Pool
None
Other Structures
Garden Shed

Building

Building Type
Multiplex
Building Style
1 1/2 Storey
Approx Age
51-99

Construction

Exterior Finish
Stucco (Plaster)
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
40.00 ft
Lot Depth
100.00 ft

Inclusions

Inclusions
3 REFRIGERATORS, 2 STOVES, WASHER

Parking & Garages

Garage Type
None
Garage Spaces
4
Parking Spaces
4
Total Garage And Parking Spaces
4

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Municipal
Sewers
Septic
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Bedrooms
3 + 1
Washrooms
3
Kitchens
3

Room sizes

  • Kitchen—
    Ground level
  • Living Room—
    Ground level
  • Bedroom—
    Ground level
  • Bedroom 2—
    Ground level
  • Bathroom—
    Ground level, 3 Pc Bath
  • Kitchen—
    Second level
  • Living Room—
    Second level
  • Bedroom—
    Second level
  • Bathroom—
    Second level, 3 Pc Bath
  • Kitchen—
    Basement level
  • Living Room—
    Basement level
  • Bedroom—
    Basement level

Washrooms

  • 3-piece, Ground
  • 3-piece, Second
  • 3-piece, Basement

Municipality
Welland
Neighbourhood
Lincoln/Crowland
Main cross streets
SOUTHWORTH STREET NORTH AND GATFIELD AVENUE
Waterfront
None

MLS® number
X11823759
Data source
Toronto Regional Real Estate Board
Status change
2025-02-02
Listed on
2024-12-02
Days on market
62 days
Possession type
Flexible
Co-op commission
2%
Seller
Listed by
ROYAL LEPAGE NRC REALTY

Home Market Value

Current home valuation for 386 Gatfield Avenue, Welland, Lincoln/Crowland, Welland, ON. Listed for $319,900

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 386 Gatfield Avenue, Welland, Lincoln/Crowland

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

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Welland, ON
Minimum Down Payment Required:5.0%

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Minimum down payment

$15,995

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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$12,156$8,925$7,614$0
=Total mortgage
$316,061$296,835$279,529$255,920
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=Mortgage payment
$1,543monthly$1,449monthly$1,365monthly$1,250monthly
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Land Transfer Tax

Provincial

$3,274

Total Land Transfer Tax

$3,274

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