Bungalow on 87-Foot Lot with Detached Garage in Wainfleet

Property details for 42058 Hwy 3, Wainfleet

Type: Residential
Style: Bungalow
Bedrooms: 2
Bathrooms: 1
Lot Size: 87.8 x 218.5 FT
Stories: 1
Basement: Finished, N/A
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Stone, Vinyl siding
Ownership: Freehold
Annual Taxes: $4,456

Just off Highway 3 in Wainfleet, this single-level bungalow sits on a deep 87.8 by 218.5 foot lot with no one behind you. You're minutes from the Welland Canal and a short drive to Port Colborne's shopping and the beaches at Nickel Beach. The house itself is solid and well-kept, with vinyl siding and stone accents outside. Step into the open main floor where the kitchen features sliding glass doors opening to a covered rear deck. The original third bedroom was converted into a spacious family room, also with glass doors to that deck, so indoor-outdoor flow is smooth. Two true bedrooms share a 4-piece bath. The full basement is finished with a recreation/games room, a kitchenette, and a gas fireplace, making it ideal for in-law potential or a teen hangout. Mechanical updates include a whole-house generator, vinyl windows, a 2016 gas furnace, central air, a 2021 owned hot water tank, and a 2021 washer and dryer. A detached garage provides parking plus room for hobbies, and there's additional driveway space for up to 7 vehicles. Taxes run $4,455 annually. With an asking price of $595,000, it's the only active listing nearby right now, and given its ready-to-move-in condition, it won't last long.

About 42058 Hwy 3, Wainfleet — Property Score

Hot Market Great Location Well Priced

Score: 71/100

Value

Priced 29.1% below area median of $839,000 based on 33 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

2 bedrooms - 1 fewer than similarly priced 3-bedroom homes nearby 48

1 bathroom - typical for similarly priced properties 60

19,184 sqft lot - an oversized lot for the area 90

Location

$84K median household income - above the Canadian average of $70K 72

79% of residents hold postsecondary credentials - a highly educated neighbourhood 87

92% homeownership rate - indicating a stable, owner-occupied community 95

51% of residents commute under 30 minutes - good commuting convenience 71

38/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 179 days on market 100

+27.2% median price change over 1 month - rising prices in the area 100

57 months of housing supply - 57 active listings with 1 sold last month (buyer's market) 40

Features

7-car garage - area average is 11 spots 95

Finished, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.75% effective tax rate ($4,455/yr) - below the Canadian average of ~1% 78

+44% area price change year-over-year - strong appreciation in Wainfleet 100

5% renter population - primarily owner-occupied area 36

Quality

Condition

Listing

35 photos provided - below the area average of 41 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.