1548 Henderson Street, Thorold

$669,000
1548 Henderson Street

$669,000

Price Change
123d
Detached2-Storey

1548 Henderson Street, Thorold

Total Monthly Obligation $3,363

Beds
3
Baths
1
Park
2
Sqft
1100-1500
DOM
123d
Score
18
Yield
3.9%
Cash on Cash
-7.4%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X13478788
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-98.44 × 163.38 ft
Listed on site-Jun 22, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,473 (2025)
Parking-2 - Detached
Basement-Half
Heating-Forced Air (Gas)
Brokerage-Vintage Real Estate Co. LTD
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-561 - Port Robinson
Title-Residential Freehold

No agent assigned

Exceptional residential development opportunity on a large single-detached dwelling lot zoned R1A. A 4-lot consent was approved in June 2025 and remains in effect until June 19, 2027, subject to outstanding conditions, with approximately half of the required conditions already satisfied.The property benefits from an approved site plan featuring a 3-unit townhouse block and a semi-detached dwelling. Preliminary engineering drawings have been reviewed and approved by the City, and notably, no minor variances are required based on the approved site plan. Municipal sanitary sewer and water services are available along both street frontages, providing excellent servicing flexibility for future development.The existing single-detached dwelling is to be demolished as a condition of the consent approval. The site has received archaeological clearance and is considered environmentally clean, with no known soil contamination concerns.A rare opportunity for builders and developers to advance a well-positioned project with significant planning work already completed. Refer to the attached severance sketch and approved site plan for detailed lot dimensions, building footprints, and development layout.

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Closing Costs

Mortgage Amount
$535,200
Land Transfer Taxes$9,855
Legal Fees (Est.)
$
Total cash required for closing$145,155

Total Monthly Obligation

$3,363/mo
Mortgage $2,699
Monthly Loss $2,653
Principal$710
Interest$1,988
Property Tax$289
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.7%21
10-Year IRR
8.8%
Returns Index
12.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,668/yr
NOI
$17,828/yr
Net Cash Flow
-$1,213/mo
Cash Margin
-50.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1548 Henderson Street

Time

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Data last updated within the past 24 hours.