149 Rice Road, Welland, ON
L3C 2V7
Listed September 23, 2026
About this property
Nestled on an impressive 88 ft x 198 ft lot, this property presents a rare opportunity to own a spacious home with exceptional potential in a sought-after location. Featuring 3 bedrooms, a dedicated Studio Apartment, an inground swimming pool, and a generous backyard, the property offers an outstanding foundation for a family home, renovation project, or investment opportunity. Ideally situated within walking distance to Niagara College, the location adds significant appeal for investors and those seeking strong rental potential, making this a property worth exploring. The home requires updates and improvements, providing the next owner with the opportunity to renovate, modernize, and customize the space to suit their vision while unlocking its full potential. With its expansive lot, desirable features, excellent location, and tremendous upside, this property offers plenty of possibilities for investors, renovators, or buyers looking to create value. Priced to reflect the work required, this is an opportunity to bring your vision to life and transform this property into something truly special.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 149 Rice Road — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$99,800 · Minimum $24,950
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$3,476/mo
About $41,712 a year
- $2,207
- $398
- Home insurance$125
- Utilities$330
- Maintenance & repairs$416
Cash needed to close
- Down payment (20%)
- $99,800
- Ontario land transfer tax
- $6,455
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $108,755
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
149 Rice Road, Welland, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: September 23, 2026
Listing Office: SINGH BROTHERS REALTY INC.
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