$ 624.000

463 465 East Main St, Welland

Bedrooms: 6
Bathrooms: 2
MLS®: x7363760

Type: Duplex
Added: 130 days ago

Property Details

Introducing a fantastic opportunity in Welland's real estate market - a side-by-side duplex with a prime location! This property offers the best of both worlds, with close proximity to the highway and all essential amenities, including schools and shopping centers. Consisting of two separate homes with 2 different pins this property provides flexibility for potential buyers. You have the option to purchase both houses together or separately, depending on your needs and preferences. Currently, one of the homes is occupied by a long-term tenant, paying $1600 per month plus bills while the other home is vacant, allowing for easy owner occupancy. One of the standout features of this property is its unique Commercial CC2 zoning. This zoning allows for a variety of uses, such as offices and retail spaces, presenting an excellent opportunity for entrepreneurs and business-minded individuals.

Best Mortgage Rates

Property Information

Cooling: Central air conditioning
Heating: Forced air, Natural gas
Stories: 2
Basement: Unfinished, Full
Parking Total: 8
Bedrooms Total: 6
Structure Type: Duplex
Tax Annual Amount: 4323.68
Exterior Features: Stucco, Vinyl siding
Lot Size Dimensions: 51 x 132 FT
Extras: The two homes have undergone several updates, including new roofs and heating systems, siding, windows and much more. (id:1945)

Room Dimensions

Type	Level	Dimensions
Primary Bedroom	Second level
Bedroom	Second level
Office	Second level
Bathroom	Ground level
Bathroom	Second level
Bedroom	Second level
Bedroom	Second level
Bedroom	Second level

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Nearby Places

Name	Type	Address	Distance
Main Street Tunnel	The structure was built as a part of the Welland B...		0.8 km
Welland	Within a half-hour or less, residents can travel t...		1.2 km
École élémentaire Champlain	It serves the French population of the Niagara Reg...		1.7 km
Notre Dame College School	In the early years of the establishment, tuition w...		1.8 km
Welland Canal, bridge 13	The bridge crosses an abandoned portion of the Wel...		2.0 km
Welland Canal, Bridge 15	The bridge formerly carried the main line of the C...		3.0 km
Seaway Mall	The mall has 500,000 square feet (46,000 m2) of sp...		3.0 km
Seaway Mall	Shopping mall	800 Niagara St	3.0 km
Welland Centennial Secondary School	The school mascot is the Cougar and the school col...		3.6 km
District School Board of Niagara	School	240 Thorold Rd	3.6 km
Townline Tunnel	The Townline Tunnel is an underwater tunnel locate...		3.6 km
Welland Stadium	The ballpark has a capacity of 2,500 people and wa...		3.9 km

Similar Duplexs Stat in Welland

We have found 1 Duplex that closely match the specifications of the property located at 463 465 East Main St with distances ranging from 2 to 3 kilometers away. The prices for these similar properties vary between 639,900 and 639,900, providing a good range for comparison. Moreover, we have also discovered that there are a few open Duplex in the L3B3X7 postal code area of Welland Ontario Canada.

463 465 East Main St mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 463 465 East Main St. The current price of the property is $624,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $499,200. This would result in a monthly mortgage payment of $2,918 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree	20
University / Below bachelor level	10
College	80
University degree at bachelor level or above	20

Neighbourhood Marital Status Stat

Married	190
Widowed	55
Divorced	45
Separated	20
Never married	115
Living common law	45
Married or living common law	235
Not married and not living common law	240

Neighbourhood Construction Date

1961 to 1980	185
1991 to 2000	10
2001 to 2005	10
1960 or before	75

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