Welcome to this beautiful, spacious custom built bungalow sitting on a desirable 60 by 204 lot. Open concept layout and a carpet free home provides ample space for a growing family. Separate living room at foyer entrance can be converted to a bedroom as per builder floor plans. The huge family room with vaulted ceiling and skylights for extra sunlight is combined with a good size dining room that is great for entertaining. The updated kitchen has cambria countertops, stainless steel appliances, a centre island and a breakfast area with extended floor to ceiling cabinetry. This home has it all with some extra highlights such as in ground sprinkler system in front and backyard, a powered shed with open door to the back, a 2 car garage with a drive through/lift door accessible to backyard, a small pond with a waterfall in backyard, a separate entrance leading to the basement, a pergola in the backyard, a 3 season solarium and a cold cellar in the basement. This home offers the potential to create a second dwelling unit with a separate entrance to the basement as well as a 3pc washroom in the basement, a huge rec room with a gas fireplace, 2 bedrooms and an opportunity to create a kitchen and second laundry unit in the basement. The basement also has additional rooms for an office and exercise room. One of the show stoppers of this home is the 3 season solarium that overlooks a huge private backyard surrounded by mature trees. Great for entertaining and gardening. Your oasis awaits! Shingles (2015).
2 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $467 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 245 First Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1500-2000 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Separate Entrance, Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Separate Entrance · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
245 First Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14093036$699,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 245 First Ave Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,439
/mo
based on the purchase price of $699,999
$140,000 cash
$559,999 financed
$471,666 total interest
Principal54%$559,999
Interest46%$471,666
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Welland
Other 3–6 bed homes for sale in Welland around $700K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio96.4%On average, homes sold below asking.
Active listings458Homes for sale here right now.
Median vs prior 90 days+1.1%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 265 sales from Jul 23 – Oct 21, 2026 (238 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 245 First Ave
How much is 245 First Ave listed for?
245 First Ave is listed at $699,999 (MLS® X14093036). Summitly updates the price as soon as the MLS® record changes.
Is $699,999 a good price for 245 First Ave?
Summitly rates it Good Deal: the asking price is 3% to 10% below Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 245 First Ave changed?
No — 245 First Ave is still listed at its original asking price of $699,999.
How many bedrooms and bathrooms does 245 First Ave have?
245 First Ave has 2 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Welland.
How much would the monthly mortgage be on 245 First Ave?
About $3,439 a month — principal and interest on $699,999 with 20% down ($140,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 245 First Ave compare with other homes in Welland?
Its asking price of $699,999 is about 30% above the median sold price in Welland over the last 90 days, $539,900, across 265 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 245 First Ave been sold before?
Summitly has no earlier MLS® sale or lease of 245 First Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 245 First Ave?
245 First Ave is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 245 First Ave been on the market?
2 days — 245 First Ave was listed on October 19, 2026.
What is the price per square foot of 245 First Ave?
About $350 to $467 per square foot: the asking price of $699,999 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 245 First Ave have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
Does 245 First Ave have a basement, and is it finished?
The listing describes the basement as: Separate Entrance, Finished.
