For saleWell Above Market

DetachedOn market 54 daysPrice drop · $10,000 off (-2.2%)

487 Scholfield Ave N, Welland

Welland, ON · · MLS® X13771080Updated October 21, 2026

$439,900Est. $2,161/mo mortgage

Bedrooms: 2
Bathrooms: 1
Living space: 700–1100sq ft
Parking spaces: 4

Type Detached
Garage Yes
Basement Full, Partially Finished

What you should know

487 Scholfield Ave N is a 2-bedroom, 1-bathroom detached home in Welland, listed for $439,900. It has 700-1100 sq ft of living space.

The partially finished basement features new carpeting, a bedroom, living area, and convenient rear entrance, providing additional flexible living space.
The main floor has also been freshly repainted, and the kitchen features a new range hood and dishwasher.With thoughtful updates throughout and an inviting layout, this home is ready for you to move in and enjoy.
Easy to show and ready for your viewing!

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2 Bed, 1 Bath Detached Home in Welland

About 487 Scholfield Avenue North

This wonderful, exceptionally well-maintained bungalow is an ideal opportunity for a retiree, first-time buyer, or anyone looking for a comfortable, move-in-ready home.Perfectly located close to bus routes, shopping, and Highway 406, this home offers both convenience and functionality. The partially finished basement features new carpeting, a bedroom, living area, and convenient rear entrance, providing additional flexible living space. Numerous updates have been completed, including new flooring on the main floor, an updated electrical breaker panel serving both the home and garage, hot water tank, gas furnace, heat pump, bathroom and kitchen taps, rear-yard shed and fencing. The main floor has also been freshly repainted, and the kitchen features a new range hood and dishwasher.With thoughtful updates throughout and an inviting layout, this home is ready for you to move in and enjoy. Easy to show and ready for your viewing!

2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $628 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 487 Scholfield Ave N

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 700-1100 sq ftas stated on the listing
Parking: 4 spacesYes garage
Basement: Full, Partially Finished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 4

Interior

Basement: Full · Partially Finished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Bungalow
Property class: Detached

487 Scholfield Ave N Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13771080−$10,000 (2.2%)$439,900
Sep 11, 2026For saleListedThis listingMLS® X13771080$449,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 487 Scholfield Ave N Compares to the Welland Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 512 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Welland market, last 90 days

Median sold price: $533,750
Average sold price: $551,049
Average days on market: 45
Homes sold: 278

Closed sales on the TRREB MLS®.

Full Welland market report

Recently sold nearby in Welland

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home487 Scholfield Avenue N 2 bd · 1 ba · 700 sqft	$439,900asking	$628	—	—
86 Parkway N/A 4 bd · 3 ba · 3,000 sqft
11 Achilles Avenue 2 bd · 1 ba · 700 sqft
37 Empress Avenue 3 bd · 1 ba · 700 sqft
313 Gatfield Avenue 3 bd · 2 ba · 700 sqft
89 Endicott Terrace 3 bd · 3 ba · 1,100 sqft
36 Hickory Court 4 bd · 2 ba · 2,000 sqft

86 Parkway N/A
4 bd · 3 ba · 3,000 sqft
11 Achilles Avenue
2 bd · 1 ba · 700 sqft
37 Empress Avenue
3 bd · 1 ba · 700 sqft
313 Gatfield Avenue
3 bd · 2 ba · 700 sqft
89 Endicott Terrace
3 bd · 3 ba · 1,100 sqft
36 Hickory Court
4 bd · 2 ba · 2,000 sqft

Living in Welland: Location & Amenities

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Costs, Mortgage & Rental Return for 487 Scholfield Ave N

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,161; 20% down · 25 years · 5.5% assumed
Property tax: $242; 0.66% mill rate · ON
Total per month: $2,403; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,161

/mo

based on the purchase price of $439,900

Down payment20%

$87,980 cash

Amortization25 yr

$351,920 financed

Rate5.50%

$296,409 total interest

Principal54%$351,920

Interest46%$296,409

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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Listing brokerage: KELLER WILLIAMS COMPLETE REALTY, BrokerageMLS® X13771080 · Listing data last updated October 21, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

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.

For sale· listed Sep 10· $628/sq ft

Estimated monthly mortgage$2,161/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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487 Scholfield Ave N, Welland

What you should know