Spring Special Detached Property In Welland for well under $300k – A Flipper’s Dream! Assigned

  • $236000
  • 3 beds
  • 2 baths


Wholesale Price: $236,000 (Assignment Fee Included)


*****King St & Fourth St, Welland, ON*****







Calling all flippers that have been waiting on the sidelines – this is your chance to get your hands on a detached property at a super discounted price point!


This property is located within walking distance to the Welland Canal and the Welland County General Hospital. Located on a small lane with low traffic, this house is perfect for investors looking to acquire a low risk, entry level house.  


This property needs a full cosmetic renovation along with a new roof.


Due to the scope of work required, it is a perfect blank slate for investors looking to add their personal touch. With a sub $250k purchase price, you should even be ok renting this out as a Single Family Home! 


There is not a single MLS listed detached property available in Welland for under $300k. We estimate this property to be worth at least $390k after a basic renovation…it’s available to you today at 60 cents on the dollar – that’s what we call a Profitable Property!


Closing: April 30, 2023


Map Link: https://goo.gl/maps/pHqNW7QtXX8EuqrM9


Property Highlights:


  • Located close to the Welland Recreational Canal
  • 3 Bedrooms
  • 2 Bathrooms
  • 34 x 68 lot
  • Detached Single Car Garage 
  • Parking for 3 Cars
  • Side Entrance to Basement
  • Taxes: $1414.03/year(approx)
  • Year Built: 1912
  • Furnace,A/C & HWT Owned
  • Some of the Windows have been replaced
  • Walking distance to the Welland County General Hospital
  • Vacant Possession
  • Seller will leave the property in Broom Swept Condition as per APS


Suggested Renos: 


Full Renovation, Roof Replacement




  1. 26 Patsy Ave sold for $358k on Feb 28, 2023




This property has the exact same amount of bedrooms and bathrooms as our property. It also has a very similar lot size, and needs a full reno. An apples to apples comparison to our property and sold for $122k over our price less than a month ago!


  1. 30 Albert St sold for $430k on January 30th, 2023 



This property has a very similar footprint as our property. Same number of bedrooms and bathrooms, similar frontage, and a single car garage. It was tastefully renovated and sold for $430k less than 2 months ago- that’s almost a $200k spread from our price.


  1. 628 Southworth St. S sold for $385k on February 1st 2023




This property is smaller than our property- it has one less bedroom and one less bathroom. It also does not feature a garage. The property was partially renovated and sold for $385k last month.

rices lane
welland, ON
Lot Size:
34 x 68
Assignment of Contract
Property Type:
Year Built:
Partially Finished

Call (647) 955 2561 for more details

Property Location

Call Us!
(647) 955 2561