Welcome to this Beautiful detached bungalow featuring 2 bedrooms with 1 bath on the main level and a 1 bedroom 1 bath plus bonus room/storage in-law suite in the lower level that has its own separate entrance and separate laundry.House boasts of Large private backyard, 1.5 car garage with plenty of parking on driveway. Located just minutes from schools, grocery shopping, access to bus route, restaurants, recreational opportunities and many more. Short walk to Niagara College, Welland campus.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $750 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 87 Rice Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
5 spacesYes garage
Basement
Separate Entrance
Features & systems
Parking & garage
Garage
Yes
Parking spaces
5
Interior
Basement
Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
87 Rice Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$2,579
/mo
based on the purchase price of $525,000
$105,000 cash
$420,000 financed
$353,750 total interest
Principal54%$420,000
Interest46%$353,750
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 $525K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings451Homes for sale here right now.
Median vs prior 90 days+1.6%Compared with Apr 29 – Jul 28, 2026: prices up.
Based on 271 sales from Jul 28 – Oct 26, 2026 (236 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 87 Rice Rd
How much is 87 Rice Rd listed for?
87 Rice Rd is listed at $525,000 (MLS® X13596708). Summitly updates the price as soon as the MLS® record changes.
Is $525,000 a good price for 87 Rice Rd?
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 87 Rice Rd changed?
Yes — it was first listed at $555,000 and is now $525,000, a drop of $30,000 (5.4%).
How many bedrooms and bathrooms does 87 Rice Rd have?
87 Rice Rd has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Welland.
How much would the monthly mortgage be on 87 Rice Rd?
About $2,579 a month — principal and interest on $525,000 with 20% down ($105,000), 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 87 Rice Rd compare with other homes in Welland?
Its asking price of $525,000 is about 3% below the median sold price in Welland over the last 90 days, $540,000, across 271 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 87 Rice Rd been sold before?
Summitly has no earlier MLS® sale or lease of 87 Rice Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 87 Rice Rd?
87 Rice Rd is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 87 Rice Rd been on the market?
95 days — 87 Rice Rd was listed on July 23, 2026.
What is the price per square foot of 87 Rice Rd?
About $477 to $750 per square foot: the asking price of $525,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 87 Rice Rd have parking or a garage?
Yes — the listing gives 5 parking spaces. Garage: Yes.
Does 87 Rice Rd have a basement, and is it finished?
The listing describes the basement as: Separate Entrance.
