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$325K · 0 bed Vacant Land · 769 - Prince Charles, Welland | MyPropertyScout

$325,000

74 Summit Avenue

00Vacant

Map

⚡ Insider Deal

Below Market

$325,000

74 Summit Avenue

Welland · Ontario L3C 4G7

MLS® X13109574 · 769 - Prince Charles · L3C 4G7

00Vacant1100-1500 ft²Vacant Land$250/ft²Lot 58 x 128.5 ft< .50 ac$4,564 tax/yr

About this home

Rare opportunity in one of Welland's most sought-after neighbourhoods, just steps from beautiful Chippawa Park. This vacant lot previously housed a residence, with utilities available at the property line, offering added convenience for future development. Surrounded by mature homes and established streetscapes, zoning allows for many different building opportunities, including investment opportunities, multiplexes, and possible lot severance potential, subject to municipal approvals and buyer d…

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Property details

MLS#: X13109574
Status: Buy Now
Beds: 0
Baths: 0 full, 0 half
Size: 1100-1500
Style: —
Type: Vacant Land
Year built: —

Garage: —
Garage spaces: —
Parking: —
Lot: 58 × 128.5
Heating: —
Heating fuel: —
Cooling: —
Fireplaces: —
Waterfront: No
Exterior: —
Fronting on: North
Cross street: First Avenue
Basement: —
Stories: —
Utilities: —
Laundry: —
Interior: —
Parking features: —

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

Source: TRREB/PROPTX · MLS® X13109574

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$325K

74 Summit Avenue · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $325,000✓ $4,564 tax✓ 1100-1500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,068/mo

incl. closing costs (yr 1)

Annual total

$36,811

year 1

Mortgage only

$1,233/mo

principal + interest

Beyond mortgage

$1,097/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$65,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$380/mo

Utilities

Hydro / electricity$91/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$91/mo · assumes gas heat

Natural gas (assumed)$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,250/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$3,350

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $14,795/yr

Property taxes21% $7,914/yr

Utilities11% $4,152/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,250/yr

Closing costs14% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$14,795	$1,233/mo
Government & taxes
Property tax	$4,564	$380/mo
Land transfer tax(closing)	$3,350	$279/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,092	$91/mo
Natural gas (assumed)	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,250	$271/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$36,811	$3,068/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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74 Summit Avenue

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs