13 Cowan Drive, Thorold

$679,000
13 Cowan Drive

$679,000

New
46d
DetachedBungalow-Raised

13 Cowan Drive, Thorold

Total Monthly Obligation $3,454

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
46d
Score
19
Yield
4.7%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X13750592
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50.1 × 134.5 ft
Listed on site-Sep 7, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$4,086 (2026)
Parking-4 - Attached
Basement-Separate Entrance, Full, Finished
Heating-Forced Air (Gas)
Brokerage-ZOLO REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60 days / Flexible
Neighbourhood-556 - Allanburg/Thorold South
Title-Residential Freehold

No agent assigned

Welcome to 13 Cowan Drive, a bright and beautifully maintained raised bungalow with a fully finished basement with a separate entrance, located on a quiet, no-through street, where a true sense of community still thrives. Situated within walking distance from parks, playgrounds, a school and the scenic Welland Canal. The main floor features an open concept layout with an abundance of natural light from large windows and skylights. Here, you will find an inviting living room, a tastefully updated kitchen with solid wood cabinets and granite countertops, a spacious dining room, two generously sized bedrooms, and a breathtaking 4-piece bathroom. The primary bedroom exits directly onto the upper deck, creating a seamless connection to the beautifully landscaped, fully fenced backyard and a spacious lower deck. Fully renovated in 2024, the lower level offers exceptional flexibility, perfect for multi-generational living or a premium in-law suite with a separate entrance. This bright space features high ceilings, durable LVP flooring, a convenient second kitchen and dining area, living room with fireplace, a spa-like bathroom with a premium TOTO bidet, and a third spacious bedroom. Complete with an attached garage, this thoughtfully updated turn-key home offers the perfect blend of comfort, flexibility and unmatched community living.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$543,200
Land Transfer Taxes$10,055
Legal Fees (Est.)
$
Total cash required for closing$147,355

Total Monthly Obligation

$3,454/mo
Mortgage $2,739
Monthly Loss $2,734
Principal$721
Interest$2,018
Property Tax$341
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.9%28
10-Year IRR
9.7%
Returns Index
15.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,124/yr
NOI
$20,326/yr
Net Cash Flow
-$1,045/mo
Cash Margin
-39.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.8/ 100

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

Comparables

Properties near 13 Cowan Drive

Time

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