Hassan Nouman
15 Woodgate Drive, Welland, ON L3C 3H5, Welland, ON
+7 photos
$464,900

15 Woodgate Drive, Welland, ON L3C 3H5, Welland, ON

Welland, ON L3C 3H5
3 beds 2 baths Detached

About this home

Stone's throw from Niagara College! Solid bungalow with oversized garage, parking for 4+ cars, and incredible renovation or investment potential in a prime central Niagara location! Proudly owner-occupied since 1970, this solid bungalow offers great space, a functional layout, and a generous yard-ready for its next chapter. Located walking distance to Niagara College, shopping, and the bus route, this is an ideal opportunity for investors, first-time buyers, downsizers, or handy buyers looking to renovate.The home features charming mid-century modern elements and unique handcrafted built-ins that add warmth and character. A rear sunroom/mudroom provides additional living space and includes a convenient main-floor laundry. The lower level offers a large recreation room, multiple workshop and storage areas-(perfect for hobbyists or trades), and a 4-piece bathroom, adding flexible space for extended living.Exterior highlights include an oversized heated (as-is) single-car garage with interior access to house, plus a carport and a concrete double driveway accommodating up to four vehicles.Most of the major elements have been updated in the last ten years (or less) including A/C, shingles, forced air gas furnace, tankless hot water heater, stainless steel fridge and stove. Excellent potential for rental income, including student housing, given the proximity to Niagara College and transit access.

Property Score

59/ 100
Overall Property Score
good

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
45/100fair
GO Transit, LRT, and bus access from this neighborhood.
Schools
62/100good
Based on local school rankings (Fraser Institute proxy).
Affordability
78% of city avggreat
Priced below Welland's average of $595,000.
Appreciation Trend
+1.2%/yrgood
Welland has seen +1.2% YoY price change.
Monthly Cash Flow
-$888/mopoor
Estimated -$888/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
3.32%good
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,290/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13041824
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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