42 Terrace Ave is a 3-bedroom, 2-bathroom semi-detached home in Welland, listed for $445,000. It has 700-1100 sq ft of living space.
1Imagine finally having the space you've been searching for.
2A backyard where the kids can play.
3Recent updates help make the transition even easier, including new laminate flooring throughout the main and upper levels, a freshly painted interior, and an updated main bathroom completed in 2026.
Imagine finally having the space you've been searching for. A backyard where the kids can play. Room for family gatherings. Space for a home office, hobby room, or visiting relatives. A place that can grow and change with your family's needs over the years. Welcome to 42 Terrace Avenue. Situated on a 30 x 110 ft lot with no rear neighbours, this 4-level semi-detached backsplit offers the flexibility that many buyers are searching for but rarely find at this price point. With 3+1 bedrooms, 2 kitchens, a separate entrance to the lower level, and multiple living areas spread across four levels, there's room here for everyone. Recent updates help make the transition even easier, including new laminate flooring throughout the main and upper levels, a freshly painted interior, and an updated main bathroom completed in 2026. The carpet-free design offers a clean, modern feel that's both stylish and easy to maintain. Whether you're a first-time buyer looking to put down roots, a growing family needing more space, or someone exploring multi-generational living, this home offers endless possibilities to make it your own. Step outside and discover why so many people love calling Welland home. Spend weekends exploring nearby parks and trails, enjoying the Welland Recreational Waterway, cycling, kayaking, fishing, or taking advantage of the many community amenities just minutes away. Schools, parks, recreation facilities, shopping, transit, and everyday conveniences are all close by, making life a little easier and a lot more enjoyable. This isn't just a home. It's an opportunity to create your next chapter in a community that offers space, convenience, and a lifestyle you'll enjoy for years to come. Some photographs have been virtually staged to illustrate the property's potential and are for illustrative purposes only.
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $636 per square foot. Chat with Zara if you'd like a deeper read on whether this semi-detached fits your budget and timing.
Inside 42 Terrace Ave
Every detail from the listing, in one place.
Type
Semi-Detached
Style
Backsplit 4
Living space
700-1100 sq ftas stated on the listing
Parking
3 spaces
Basement
Separate Entrance, Partially Finished
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Separate Entrance · Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Backsplit 4
Property class
Semi-Detached
42 Terrace 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® X13818974$445,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 42 Terrace Ave Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$2,186
/mo
based on the purchase price of $445,000
$89,000 cash
$356,000 financed
$299,845 total interest
Principal54%$356,000
Interest46%$299,845
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
Own a home on Terrace Avenue? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 42 Terrace Ave with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 42 Terrace Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 2–3 bed homes for sale in Welland around $445K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings436Homes for sale here right now.
Median vs prior 90 days−2.1%Compared with May 12 – Aug 10, 2026: prices down.
Based on 272 sales from Aug 10 – Nov 8, 2026 (248 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 42 Terrace Ave
How much is 42 Terrace Ave listed for?
42 Terrace Ave is listed at $445,000 (MLS® X13818974). Summitly updates the price as soon as the MLS® record changes.
Is $445,000 a good price for 42 Terrace Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 42 Terrace Ave changed?
No — 42 Terrace Ave is still listed at its original asking price of $445,000.
How many bedrooms and bathrooms does 42 Terrace Ave have?
42 Terrace Ave has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a semi-detached home in Welland.
How much would the monthly mortgage be on 42 Terrace Ave?
About $2,186 a month — principal and interest on $445,000 with 20% down ($89,000), 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 42 Terrace Ave compare with other homes in Welland?
Its asking price of $445,000 is about 17% below the median sold price in Welland over the last 90 days, $533,750, across 272 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 42 Terrace Ave been sold before?
Summitly has no earlier MLS® sale or lease of 42 Terrace Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 42 Terrace Ave?
42 Terrace Ave is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 42 Terrace Ave been on the market?
46 days — 42 Terrace Ave was listed on September 23, 2026.
What is the price per square foot of 42 Terrace Ave?
About $405 to $636 per square foot: the asking price of $445,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 42 Terrace Ave have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 42 Terrace Ave have a basement, and is it finished?
The listing describes the basement as: Separate Entrance, Partially Finished.
