Home with brick exterior material, street for 8 Rainbow Crt, Welland Ontario L3C 6R3
61 days on Market

8 Rainbow Crt, Welland, Ontario L3C 6R3

Semi-Detached
3 + 1
2
~700-1100 sqft
$599,900
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Semi-Detached
3 + 1
2
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$701/sqft

Est. Mortgage$2,576/mo

Tax Amount (2025)$2,850/yr

Days On Market61 days


Description

Welcome to 8 Rainbow, a meticulously maintained and thoughtfully designed 4-bedroom, 2-bathroom home, offering unparalleled flexibility for single families, multigenerational living, or investors. Located in a peaceful, family-friendly neighborhood in Welland, this property seamlessly blends comfort and convenience, providing easy access to essential amenities and transportation routes. This home features a main-level apartment and a newly renovated, legal lower-level apartment, making it an ideal option for those seeking to generate rental income or accommodate extended family. The main-level apartment includes a well-equipped kitchen, spacious living area, dining space, three bedrooms, and a full bathroom, providing a comfortable living environment. The lower-level apartment, renovated in early 2024, is a fully self-contained unit with its own kitchen, featuring new 2024 appliances and updated flooring throughout. It includes a cozy living area, one bedroom, and a full bathroom, all newly renovated, offering privacy, comfort, and versatility. Eligible for use as two separate rental units, this property presents a remarkable investment opportunity. Ideally located near the Welland River, Elmwood Park, and a variety of dining and recreational options, it offers abundant leisure activities for residents. Additionally, daily essentials are just moments away with grocery stores and shopping centers in close proximity. Whether you're looking for a forever home with added living space or a strategic investment opportunity, this property offers the best of both worlds. The main floor of this property has been leased on a month-to-month basis at a rate of $2,111.50. Don't miss out! Schedule your private showing today!


Property Details

StyleBungalow-Raised
View-
Age of property31-50
SqFt~700-1100 SqFt
Lot Size3,295 SqFt(110.02 x 29.95)
Parking Spaces2
MLS ®NumberX12006799
Community NameWelland South
Data SourceTRREB
Listing byRE/MAX NIAGARA REALTY LTD, BROKERAGE

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Apartment

Lower Floor

Living

4.8768 x 3.048

Bathroom

2.1336 x 2.46888

3 Pc Bath

Laundry

4.63296 x 2.1336

Kitchen

4.8768 x 2.92608


Features

Lot size: 3,295 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE, Brokerage
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Market Data - Welland South

Geo Zone Map ThumbnailWelland South

Balanced Market

View Market Data

Semi-Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

43 days

Compared to

2024

7 days

2023

10 days

2022

0 day

New Listings

Past 30 days

2 listings

Compared to

2024

7 listings

2023

2 listings

2022

1 listing

Units sold

Past 30 days

1 unit

Compared to

2024

6 units

2023

1 unit

2022

0 unit

Median Sold Price

Past 30 days

$540,000

Compared to

2024

$522,500

2023

$575,000


Population and Demographics

Overview

Total population 3332
Average household income $91,313

Age (%)

65 and plus
24%
50 to 64
21%
0 to 19
20%
20 to 34
18%
35 to 49
17%

Household composition (%)

Single family
63%
Single person
33%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
84%
French
6%
Italian
3%
Others
3%
Spanish
2%
English and French
1%

House tenancy (%)

Owners
74%
Renters
26%

Schools and amenities

Estimated Budget