18 Rainbow Court, Welland, ON

$590,000
MLS#:X9367298
5 beds
3 baths
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] semi-detached located in the coveted neighborhood of 772 - Broadway. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $590,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Premium 24.05 x 112.27 ft lot size
  • Features a ["full", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Accessory Apartment, Guest Accommodations, In-Law Suite
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Discover this beautifully renovated 5-bedroom, 3-bathroom raised bungalow semi, perfectly situated in the highly sought-after neighborhood of southwest Welland. Ideal for both owner-occupiers and investors, this property features two stunningly updated units. The spacious main unit boasts 4 bedrooms and 2 bathrooms - an excellent opportunity for new tenants or a perfect new home for you! The lower/rear unit is currently occupied by AAA+ tenants who pay $1,600 per month, all-inclusive. No detail missed in the renovations, ensuring this home caters to a variety of needs. Whether you want to live in the expansive main unit and let rental income help cover your mortgage or need an in-law suite for multi-generational living, this property offers the flexibility youre looking for. Features include throughout: Luxury Vinyl Plank Flooring, Quartz Countertops, Two New Laundry Units, Two Sets of all Appliances Included. Brand New Furnace (2024). Low maintenance home, the tenants are excellent and have been a pleasure to rent to. Don't miss out on this incredible home in a prime location!

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Key Features

Bedrooms
5
Bathrooms
3
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 28, 2024
Sold price information is available to members only
Listed Date9/25/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
ConstructionBrick, Vinyl Siding
Lot Size24.05 × 112.27 Feet
CountyNiagara
Annual Tax$2,776.36
Legal DescriptionPCL 38-3 SEC M68; PT LT 38 PL M68 PT 7 59R5361 ; WELLAND

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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18 Rainbow Court, Welland, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 18 Rainbow Court, Welland, ON L3C 6R3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$472,000
Monthly Mortgage$2,742
Property Tax (Est.)$231
Utilities & Maint.$350
Total Monthly Cost$3,323

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Welland.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 772 Broadway, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Ross
Public358 Niagara Street, Welland, Ontario, L3C 1K9
6.5
St Kevin
Public182 Aqueduct Street, Welland, Ontario, L3C 1C4
7.0
Fitch Street
Public164 Fitch Street, Welland, Ontario, L3C 4V5
8.1
Glendale
Public24 Farnham Avenue, Welland, Ontario, L3C 3R1
8.1
Holy Name
Public290 Fitch Street, Welland, Ontario, L3C 4W5
7.9

Secondary Schools

Notre Dame
Public64 Smith Street, Welland, Ontario, L3C 4H4
6.2
Centennial
Public240 Thorold Road, Welland, Ontario, L3C 3W2
6.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.