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Listed 25 days ago

149 Rice Road

767 - N. Welland, Welland

$499,000

Detached|2-Storey
3 | 3 | 8
About this home

Nestled on an impressive 88 ft x 198 ft lot, this property presents a rare opportunity to own a spacious home with exceptional potential in a sought-after location. Featuring 3 bedrooms, a dedicated Studio Apartment, an inground swimming pool, and a generous backyard, the property offers an outstanding foundation for a family home, renovation project, or investment opportunity. Ideally situated within walking distance to Niagara College, the location adds significant appeal for investors and those seeking strong rental potential, making this a property worth exploring. The home requires updates and improvements, providing the next owner with the opportunity to renovate, modernize, and customize the space to suit their vision while unlocking its full potential. With its expansive lot, desirable features, excellent location, and tremendous upside, this property offers plenty of possibilities for investors, renovators, or buyers looking to create value. Priced to reflect the work required, this is an opportunity to bring your vision to life and transform this property into something truly special.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,773
Lot Size88 ft x 198 ft
mls© NumberX13818800
Listed BySINGH BROTHERS REALTY INC.

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%
$2,554
Property tax
$398
Heat allowance
$150
Housing costs
$3,102 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,800
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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