998 Ridge Road - Comparable Market Analysis

998 Ridge Rd. Comparable Market Analysis Welland

Dear Raymond & Michelle, In response to your request for an evaluation, as a practicing real estate salesperson I am establishing Market Value for Listing purposes.

Value is established, for the property at 998 Ridge Road. as of this dated letter.

Date: February 27, 2021

Market Value: $799,900 (range +/- 3%)

There are limiting conditions and assumptions connected with this evaluation done by the herein sales representative: -

It is assumed any MLS® data used is reliable and correct The client will not circulate or expose information provided herein without prior approval of the writer Any update expected must be requested in writing If the herein sales representative is required in a court of law, in relation to this evaluation, the court cost will be $350 per hour.

Please find enclosed some general information about the process of selling real estate. If you have any other questions about preparing your home to ensure that you get the top price the market will bring in, please feel free to contact me. I look forward to helping you with all of your real estate needs, and ensuring that you get the best price and terms on the sale of your property!

Sincerely,

Mike Heddle, Hon. B. Comm.

Broker The Heddle Group | Team Leader Royal LePage State Realty, Brokerage P. (905) 574-7441 F. (905) 662-2227

www.LiveInHamilton.ca

998 RIDGE Road Welland, L3B 5N7

Friday, February 26, 2021

Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis.

Sold Listings Address 998 RIDGE Road 95 OXFORD Road 3967 BABION Road 8 LENA Crescent 277 RIVERSIDE Drive 20824 GRAYBIEL Road 2980 FORKS Road 40132 TOWNLINE Road

Price

$370,000 $610,000 $650,000 $685,000 $700,888 $715,000 $750,000 $640,127

Averages:

2 3 4 3 4 3 3 3.1

1 2 3 2 3 1 2 2.0

SqFt 1422 1,282 1,500 1,244 900 1,609 1,210 1,060 1,258

$/SqFt 133.61 $288.61 $406.67 $522.51 $761.11 $435.60 $590.91 $707.55 $530.42

Sale Date

02/07/2021 11/10/2020 01/30/2021 02/21/2021 11/15/2020 09/09/2020 01/24/2021

Low

Median

Average

High

Count

Comparable Price

$370,000

$685,000

$640,127

$750,000

7

Adjusted Comparable Price

$370,000

$660,000

$618,698

$725,000

7

On Average, the 'Sold' status comparable listings sold in 81 days for $640,127

Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type

Price Total Adjustments Adjusted Price

Details

Adjust

Details

Adjust

95 OXFORD Road 40053899 Welland Residential Freehold Sale Sold Niagara Welland (7) Welland Downtown (768) 2 1.0 7 Full - Unfinished 01/02/2021 $439,900 02/07/2021 $370,000

3967 BABION Road 40029930 Port Colborne Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Bethel (873) 3 2.0 10 Partial Basement - Unfinished 10/05/2020 $639,900 11/10/2020 $610,000

0 spaces / Detached, Other (see Remarks) 4.130 1,282 172 1931 / 51-99 Years $4,456 / 2020 0 Gas Forced Air No / None 1 1/2 Storey

4 spaces / Detached, None 5.000 1,500

$370,000 $0 $370,000 Researched and prepared by Michael Heddle

-25,000

1873 / 100+ Years $2,460 / 2020 1 Oil Forced Air, Oil Forced Air Yes / Central Air 1 1/2 Storey

$610,000 $-25,000 $585,000 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type

Price Total Adjustments Adjusted Price

Details

Adjust

8 LENA Crescent 40050403 Port Colborne Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Sugarloaf (878) 4 3.0 12 Full - Partially Finished 12/09/2020 $675,000 01/30/2021 $650,000

Details

277 RIVERSIDE Drive 30781759 Welland Residential Freehold Sale Sold Niagara Welland (7) Broadway (771) 3 -37,500 2.0

Adjust

-25,000

Full - Unfinished 01/10/2020 $697,000 02/21/2021 $685,000 8 2 spaces / Detached 4.730 900 58 - / 31-50 Years $2,500 / 2019

2 spaces / Attached 4.000 1,244 109 1988 / 31-50 Years $5,128 / 2020 0 Gas Forced Air No / Central Air 2 Storey

Gas Heat Pump No / None 2 Storey

$650,000 $-37,500 $612,500 Researched and prepared by Michael Heddle

$685,000 $-25,000 $660,000 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type

Price Total Adjustments Adjusted Price

Details

Adjust

20824 GRAYBIEL Road 40042192 Wainfleet Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Marshville/Winger (875) 4 3.0 13 Full - Partially Finished 11/12/2020 $625,000 11/15/2020 $700,888 8 2 spaces / Attached, Detached 2.020 1,609 200 1977 / 31-50 Years $5,147 / 2020

Details

2980 FORKS Road 40014403 Port Colborne Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Bethel (873) 3 -37,500 1.0 8 None 08/29/2020 $674,900 09/09/2020 $715,000

Adjust

10.000 1,210 827 1950 / 51-99 Years $4,872 / 2020 1

Propane Forced Air No / Central Air Bungalow

Forced Air, Woodburning Yes / Central Air 1 1/2 Storey

$700,888 $-37,500 $663,388 Researched and prepared by Michael Heddle

$715,000 $0 $715,000 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type

Price Total Adjustments Adjusted Price

Details

40132 TOWNLINE Road 40054621 Wainfleet Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Marshville/Winger (875) 3 2.0 9 Full - Fully Finished 01/06/2021 $799,900 01/24/2021 $750,000 8 2 spaces / Attached 2.010 1,060 201 1974 / 31-50 Years $4,486 / 2020 1

Adjust

-25,000

Other (see Remarks) Yes / Central Air Bungalow

$750,000 $-25,000 $725,000 Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, L3B 5N7

Friday, February 26, 2021

Minimums and Maximums This page summarizes key fields of the listings in this analysis.

The listings in this analysis can be summarized as follows: Listing Price between $439,900 and $799,900 Sale Price between $370,000 and $750,000 900 to 1,609 Square Feet $343.14 to $774.44 per Square Foot $288.61 to $761.11 per Sold Square Foot 2.01 to 10.00 Acres

Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, Ontario

Friday, February 26, 2021

Number of Days On Market This chart illustrates the level of excitement and interest in a new listing over time. It also demonstrates the importance of pricing correctly. When a property is first listed, it generates a very high level of interest from prospective buyers, which reduces dramatically over time. It is important to be priced correctly from the beginning, during the peak of this curve.

Days On Market 450 400

Days On Market

350 300 250 DOM

200 150 100 50

19 2 04 2 40

40 3 05 0 40

62 1 40

05 4

75 9 78 1 30

89 9 05 3 40

93 0 02 9 40

40

01 4

40 3

0

MLS® #

Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, Ontario

Friday, February 26, 2021

CMA Map Layout This page displays the Map for the CMA Subject and your comparables .

998 RIDGE Road, Welland 1 2 3 4 5 6 7

Researched and prepared by Michael Heddle

2980 FORKS Road, Port Colborne 3967 BABION Road, Port Colborne 95 OXFORD Road, Welland 277 RIVERSIDE Drive, Welland 40132 TOWNLINE Road, Wainfleet 8 LENA Crescent, Port Colborne 20824 GRAYBIEL Road, Wainfleet

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, Ontario

Friday, February 26, 2021

List Price and Sale Price This graph illustrates the list price, along with the sale price in Sold listings.

Price Graph 800K 700K 600K

Price

500K List Price Sale Price

400K 300K 200K 100K

19 2 04 2 40

40 3 40

05 0

62 1 05 4 40

75 9 78 1 30

89 9 05 3 40

93 0 02 9 40

40

01 4

40 3

0K

MLS® #

Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, L3B 5N7

Friday, February 26, 2021

Brief Summary of Compared Listings This report summarizes the comparable listings contained in this market analysis.

Status: Sold MLS® # 40053899

Sale Date

Address

02/07/2021

95 OXFORD Road

Prop Sub Type Freehold

SqFt

Bds

Bth

L Price

S Price

1,282

2

1.0

$439,900

$370,000

84.1

3

SP/LP

DOM 36

40042192

11/15/2020

20824 GRAYBIEL Road

Freehold

1,609

4

3.0

$625,000

$700,888

112.1

40029930

11/10/2020

3967 BABION Road

Freehold

1,500

3

2.0

$639,900

$610,000

95.3

36

40014403

09/09/2020

2980 FORKS Road

Freehold

1,210

3

1.0

$674,900

$715,000

105.9

11

40050403

01/30/2021

8 LENA Crescent

Freehold

1,244

4

3.0

$675,000

$650,000

96.3

52

30781759

02/21/2021

277 RIVERSIDE Drive

Freehold

900

3

2.0

$697,000

$685,000

98.3

408

40054621

01/24/2021

40132 TOWNLINE Road

Freehold

1,060

3

2.0

$799,900

$750,000

93.8

18

1,258

3.1

2.0

$650,229

$640,127

98.0

81

Averages:

Summary Status

Total

Avg Price

Avg $ Per SqFt

Median

Low

High

Avg DOM

Sold

7

$640,127

$530.42

$685,000

$370,000

$750,000

81

Total

7

$640,127

$530.42

$685,000

$370,000

$750,000

81

Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, L3B 5N7

Friday, February 26, 2021

Pricing Recommendation General Facts About Pricing...

There are certain factors that are within our control and some factors beyond our control when it comes to setting the price. Those factors within our control are: the appearance of the property, how aggressively we market the property and the price. Factors outside our control are: location of property, size and local amenities. It's important to accept those factors that are beyond our control and focus on the pricing and preparation.

A property priced at market value will attract more buyers than a home priced above market value.

Consider that a competitively priced property will also attract a greater number of potential buyers and increase your opportunity for a quick sale.

Market Statistics...

Sell Price Per Sq. Ft. Statistics

Sell Price Statistics Average Price:

$618,700

Average Price/Sq Ft:

$513

High Price:

$725,000

High Price/Sq Ft:

$733

Median Price:

$660,000

Median Price/Sq Ft:

$492

Low Price:

$370,000

Low Price/Sq Ft:

$289

Figures are based on selling price after adjustments, and rounded to the nearest $100.

Summary...

After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for .

Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

998 RIDGE Road Welland, Ontario

Friday, February 26, 2021

Market Analysis Explanation This is an explanation and overview of this market analysis.

This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear.

This market analysis is divided into three categories: 1. Comparable homes that are currently for sale 2. Comparable homes that were recently sold 3. Comparable homes that failed to sell Looking at similar homes that are currently offered for sale , we can assess the alternatives that a serious buyer has from which to choose.

We can also be sure that we are not under pricing your home.

Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.

Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers.

This Comparative Market Analysis has been carefully prepared for you , analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.

Researched and prepared by Michael Heddle

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

APPENDIX A: MPAC Assessment vs. Market Sale Price

APPENDIX A - MPAC Assessment vs. Market Sale Price Status Subject Sold Sold Sold Sold Sold Sold Sold

Address 998 Ridge Rd. 95 Oxford Rd. 3967 Babion Rd. 8 Lena Cres.

277 Riverside Dr. 20824 Graibeil 2980 Forks Rd. 40132 Townline Rd

MPAC $ $ $ $ $ $ $ $

Sale Price 270,000 281,000 145,000 229,000 212,000 361,000 290,000 293,000

$ 370,000 $ 610,000 $ 650,000 $ 685,000 $ 700,888 $ 715,000 $ 750,000 AVERAGE

% Difference 31.67% 320.69% 183.84% 223.11% 94.15% 146.55% 155.97% 187.39%

Based on an analysis of the average MPAC assessment value versus the market sale price of comparable properties, the estimated "market" value of the subject property is: Average $ 775,945 Range $ 691,126 to NOTE: * denotes properties included in the "Direct Comparison Approach".

$

766,376

However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

APPENDIX B: Cost Approach to Value

APPENDIX B - COST APPROACH TO VALUE Land Value: 198.00 Front Ft @ Actual Age: Effective Age:

1250

$ 247,500.00

100 years 30 years

Improvements: Building Basement Outbuildings Landscaping

1920 Sq. ft.

0 *Sq. ft.

0

@ @ @

Cost New Depreciation @ 20% $ 384,000.00 $ 76,800.00 $ $ $ 30,000.00 $ 6,000.00 $ 25,000.00 $ 5,000.00 Total Current Value of All Improvements Indicated Value by the Cost Approach Value Rounded to $200 $100 $60

Current Value $ 307,200.00 $ $ 24,000.00 $ 20,000.00 $ 351,200.00

$ 351,200.00 $ 598,700.00 $ 600,000.00

* estimate square footage The cost approach value has a minimal value in terms of deriving market value since the Land Value is a difficult value to derive based on comparable available market values in the area. Thus, this method of deriving value is only presented for the purpose of an alternative analytical tool used inorder to provide "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not an accuarate representation of "market" value and the "Direct Comparison Approach to Value" illustrates a more accurate representation of value. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

APPENDIX C: Sale Price vs. Market Change

APPENDIX C - Sale Price vs. Market Change

Nov-05 Monthly

Average Sale Value Median Sale Value

$ $

Annual

Average Sale Value Median Sale Value

$ $

Subject Property 998 Ridge Rd.

$

-

$ $

Jan-21 548,063.00 555,000.00

% Change #DIV/0! #DIV/0!

-

$ $

YTD 2020 469,841.00 438,128.00

% Change #DIV/0! #DIV/0!

YTD 2005

Monthly Annual

Sale Price 190,000.00

Adjusted Value (vs. Average) Adjusted Value (vs. Median) Adjusted Value (vs. Average) Adjusted Value (vs. Median)

#DIV/0! #DIV/0! #DIV/0! #DIV/0!

Based on an analysis of the average sale price in the acqusition year versus the market change, the estimated "market" value of the subject property is: Estimate of Value: #DIV/0!

Estimate of value (Range): #DIV/0! to #DIV/0!

However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is typically not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". Thus, the relative significance of this method of deriving value is extremely low. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

APPENDIX D: MPAC AVM

GeoWarehouse AVM Enhanced Residential Report Property Address

998 RIDGE RD

Municipality

WELLAND CITY

Real Time Market Value (AVM)

$ 511,000

Valuation Date (yyyymmdd)

20210224

Lower Confidence Limit

$ 450,000

Upper Confidence Limit

$ 584,000

Confidence Rating (H=High, M=Medium, L=Low)

M

Property Type

301 - Single-family detached (not on water)

Year Built

1950

Total Area (Above Grade) (sq ft)

1920

Basement Finished Area (sq ft)

0

Number of Bedrooms

2

Number of Full Bathrooms

1

Number of Half Bathrooms

0

Frontage (ft)

198

Depth (ft)

0

Site Area

5A

Generated on 02/27/2021

Copyright © All rights reserved Municipal Property Assessment Corporation. Not to be reproduced by any means or distributed in any manner, in whole or in part, without prior written permission.

Page 1 of 1

APPENDIX E: Geowarehouse Enhanced Report

Client Report Generated on February 26, 2021

This report was prepared by:

998 RIDGE RD WELLAND

Shawna Connelly shawnaconnelly@royallepage.ca

PIN 642480056

GeoWarehouse is a product of Teranet Real Estate Information Solutions

© 2016 Teranet Inc.

998 RIDGE RD, WELLAND | PIN 642480056

Property Details GeoWarehouse Address:

998 RIDGE RD WELLAND L3B5N7 PIN:

642480056

Land Registry Office:

NIAGARA SOUTH (59)

Land Registry Status:

Active

Registration Type:

Certified (Land Titles)

Ownership Type:

Freehold

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

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998 RIDGE RD, WELLAND | PIN 642480056

Lot Size Area:

5.07 ac

Perimeter:

2601.71 ft

Measurements:

198.51ft x 1102.87ft x 198.51ft x 842.87ft x 260.04ft Lot Measurement Accuracy : HIGH Measurements are based on coordinate geometry, providing a high degree of confidence that the measurement calculations are within an acceptable variance of the

Assessment Information ARN 271905000112300

Phased-In Value

Assessed Value

$270,000

$270,000

2021 Tax Year

Based on Jan 1, 2016

Frontage: Depth:

198.0 ft N/A

Description:

Single-family detached (not on water)

Property Code:

301

Sales History Sale Date

Sale Amount Type

Nov 30, 2005

$190,000

Transfer

Jun 01, 2001

$154,000

Transfer

Apr 17, 1998

$100,000

Transfer

Notes

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

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998 RIDGE RD, WELLAND | PIN 642480056

Demographics

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998 RIDGE RD, WELLAND | PIN 642480056

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998 RIDGE RD, WELLAND | PIN 642480056

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

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998 RIDGE RD, WELLAND | PIN 642480056

Dominant Market Group

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998 RIDGE RD, WELLAND | PIN 642480056

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998 RIDGE RD, WELLAND | PIN 642480056

Dominant Market Group

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998 RIDGE RD, WELLAND | PIN 642480056

Comparable Sales

Comparable Sales Search Results Address

Date

Sales Amount

Lot Size

($)

(ac)

$/ ac

Distance

PIN

(m)

1

113 DOANS RIDGE RD, WELLAND, L3B5N4

Sep 25, 2020

0

3.16

N/A

1992

641280102

2

3967 BABION RD, PORT COLBORNE, L3K5V5

Jun 23, 2020

203,500

2.50

81498

4943

644560108

3

10041 LYONS CREEK RD, WELLAND, L3B5N4

Sep 30, 2020

473,000

2.47

191397

2368

642490101

1

113 DOANS RIDGE RD, WELLAND, L3B5N4

Sep 29, 2020

547,000

3.16

173008

1992

641280102

4

306 NETHERBY RD, WELLAND, L2B5N7

Dec 02, 2020

555,000

3.58

154865

3193

641290029

5

3967 BABION RD, PORT COLBORNE, L3K5V5

Dec 03, 2020

610,000

5.80

105158

4864

644560111

6

663 COPE RD, WELLAND, L3B5N7

Sep 25, 2020

615,000

3.03

202937

1070

642480079

7

168 PEARSON RD, WELLAND, L3B5N4

Nov 30, 2020

630,000

3.02

208909

1533

642490180

8

150 DARBY ROAD, WELLAND

Aug 28, 2020

690,000

4.20

164352

3356

644320029

9

510 RIDGE RD, WELLAND, L3B5N7

Apr 23, 2020

745,000

7.17

103970

1106

642480058

10

587 MATTHEWS RD, WELLAND, L0S1K0

Aug 04, 2020

800,000

3.02

265064

4425

642610029

11

416 NETHERBY RD, WELLAND, L3B5N7

Jun 30, 2020

800,000

3.52

227336

2849

641290112

12

136 PEARSON RD, WELLAND

Sep 01, 2020

805,000

3.02

266961

1646

642490178

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

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998 RIDGE RD, WELLAND | PIN 642480056

13

9775 SCHISLER RD, WELLAND, L3B5N4

Jan 15, 2021

855,000

2.53

338294

3166

642610177

14

481 NETHERBY RD, WELLAND, L3B5N7

Oct 30, 2020

880,000

3.35

262454

2706

641290097

15

792 TOWNLINE RD RD, WELLAND, L3C7A6

Oct 23, 2020

920,000

2.07

445295

1900

642470168

16

14530 MORRIS RD, NIAGARA FALLS, L3B5N7

Aug 27, 2020

965,000

3.02

319969

1632

642500205

Sales Statistics Maximum:

$965,000

Minimum:

$0

Average:

$652,558

Median:

$690,000

*Standard Deviation: The smaller the number, the more similar are the sales results in the area. The larger the number, the more widely spread the sales results are in the area.

Area Heat Maps Average Sales Heat Maps - Last 1 Year Block

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

GeoWarehouse Client Report | Page 11 of 15

998 RIDGE RD, WELLAND | PIN 642480056

Growth Rate Heat Maps - Last 5 Years Block

Market Turnover Heat Maps - Last 1 Year Block

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

GeoWarehouse Client Report | Page 12 of 15

998 RIDGE RD, WELLAND | PIN 642480056

Historical Market Trends Average Sale Values and Growth Rates

Market Turnover Rates

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

GeoWarehouse Client Report | Page 13 of 15

998 RIDGE RD, WELLAND | PIN 642480056

Market Statistics Area Map Average Sales Price - Last 1 Year

$556,975

$439,143 Municipality

Block

Growth Rate - Last 5 Years

Market Turnover - Last 1 Year

5 Year Analysis Stable Value - With average property values 33% higher than the municipal average and properties turning over 46.4% less, property owners are comfortable setting roots in the community.

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

GeoWarehouse Client Report | Page 14 of 15

998 RIDGE RD, WELLAND | PIN 642480056

Terms and Conditions Reports Not the Official Record. Reports, other than the Parcel Register, obtained through Geowarehouse are not the official government record and will not necessarily reflect the current status of interests in land.

Currency of Information. Data contained in the Geowarehouse reports are not maintained real-time. Data contained in reports, other than the Parcel Register, may be out of date ten business days or more from data contained in POLARIS. Coverage. Data, information and other products and services accessed through the Land Registry Information Services are limited to land registry offices in the areas identified on the coverage map.

Completeness of the Sales History Report. Some Sales History Reports may be incomplete due to the amount of data collected during POLARIS title automation. Subject properties may also show nominal consideration or sales price (e.g. $2) in cases such as transfers between spouses or in tax exempt transfers.

Demographic Information. Demographic Information is obtained from Environics Analytics. Environics Analytics acquires and distributes Statistics Canada files in accordance with the Government of Canada's Open Data Policy. No information on any individual or household was made a vailable to Environics Analytics by Statistics Canada.

PRIZM and selected PRIZMC2 nicknames are registered trademarks of The Nielsen Company (U.S.) and are used with permission.

The Property Information Services, reports and information are provided "as is" and your use is subject to the applicable Legal Terms and Conditions. Some information obtained from the Land Registry Information Services is not the official government record and will not reflect the current status of interests in land. Use of personal information contained herein shall relate directly to the purpose for which the data appears in land registry records and is subject to all applicable privacy legislation in respect of personal information. Such information shall not be used for marketing to a named individual.

Parcel Mapping shown on the site was compiled using plans and documents recorded in the Land Registry System and has been prepared for property indexing purposes only. It is not a Plan of Survey. For actual dimensions of property boundaries, see recorded plans and documents.

GeoWarehouse is a product of Teranet Real Estate Information Solutions

Report Generated On Feb 26, 2021 by Shawna Connelly (291168)

GeoWarehouse Client Report | Page 15 of 15

APPENDIX F: Market Conditions

OUTSTANDING MARKET REVIEW Our goal is to ensure that our aggressive and ‘dialled-in’ marketing plan get the most exposure of your property listing in front of serious qualified purchasers.

It’s important for us to keep communication open with you and routinely review the market conditions and our marketing efforts.

MARKET CONDITIONS

The conditions of the macro and micro markets surrounding your property are key to understand when offering your property for sale. As your real estate advisors, it’s important for us to make sure that we effectively communicate those conditions with you so that you may be informed.

Months-of-Inventory [M.O.I.] Determining the current market conditions, and type of market, is key in order to provide professional guidance with the sale of your property. A ‘market intelligence’ tool that illustrates the strength of the market is determining the number of months’ of inventory. This metric identifies the strength of the market be indicating market demand. Typically: “Seller’s Market” is identified as between 0-4 months’ of inventory.

“Balanced Market” is typically represented by 4-6 months of inventory.

“Buyer’s Market” is defined as anything over 6+ months of inventory.

4 The Heddle Group. | www.theHeddleGroup.ca | info@theheddlegroup.ca

Matrix

2021-02-27, 8:19 AM

Search Criteria Time frame is from Jan 2016 to Jan 2021 Region is 'Niagara' Municipality is 'Welland (7)' Transaction Type is 'Sale' Results calculated from approximately 7,500 listings

https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

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Matrix

2021-02-27, 8:21 AM

Search Criteria Time frame is from Jan 2016 to Jan 2021 Region is 'Niagara' Municipality is 'Welland (7)' Transaction Type is 'Sale' Results calculated from 5,195 listings

https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

Page 1 of 1

Matrix

2021-02-27, 8:20 AM

Search Criteria Time frame is from Jan 2016 to Jan 2021 Region is 'Niagara' Municipality is 'Welland (7)' Transaction Type is 'Sale' Results calculated from 5,442 listings

https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

Page 1 of 1