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767 - N. Welland, Welland
$499,900
Welcome to 163 Rice Road, a 3-bedroom home in an established Welland neighbourhood offering comfortable living, a spacious backyard, and a number of recent improvements, with additional updates continuing to be made throughout the property. This home offers plenty of potential for first-time buyers, families, downsizers, or investors looking for a property they can make their own. Inside, you'll find several recent improvements, including new flooring (2026), windows (2025), doors (2026), and trim (2026). The living room features a cozy gas fireplace, while the kitchen comes equipped with stainless steel appliances, including a fridge and stove. Just beyond, the bright sunroom provides a comfortable spot to enjoy your morning coffee, relax, or take in views of the backyard. The home features three bedrooms and a 4-piece bathroom, along with a basement that is currently undergoing renovations to further improve the available living space. Once completed, the lower level will provide additional flexibility for a family room, home office, gym, recreation area, or storage. *Please note that the basement renovations are ongoing, and the current listing photos may not reflect the most recent work or the condition of the basement at the time of your showing. A new water heater (2025) is another recent improvement. Outside, the large, fully fenced backyard provides plenty of room for children, pets, entertaining, and enjoying the warmer months. An above-ground pool adds to the summer fun, while the hot tub (2025) and backyard patio offer a relaxing place to unwind. A spacious front deck (2026) provides additional outdoor living space for sitting outside or gathering with family and friends. Conveniently located close to schools, parks, shopping, restaurants, public transit, and major routes, 163 Rice Road combines an established location with a home that has already seen a number of improvements and continues to offer opportunities for future updates and personalization.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,233 |
| Lot Size | 70.01 ft x 198 ft |
| mls© Number | X13616224 |
| Listed By | RE/MAX NIAGARA REALTY LTD, BROKERAGE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,559
- Property tax
- $269
- Heat allowance
- $150
- Housing costs
- $2,978 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $2,104 / mo
- Cash down
- $99,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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