42841 Highway 3, Wainfleet

$779,000
42841 Highway 3

$779,000

New
31d
Detached2-Storey

42841 Highway 3, Wainfleet

Total Monthly Obligation $3,925

Beds
4
Baths
2
Park
6
Sqft
2500-3000
DOM
31d
Score
17
Yield
4.3%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Detached
MLS® Number-X13816380
Beds-4
Bathrooms-2
Size-2500-3000 sqft
Lot Size-298.78 × 301.92 ft
Listed on site-Sep 22, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$4,894.56 (2025)
Parking-6 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Septic
Possession-Negotiable
Neighbourhood-879 - Marshville/Winger
Title-Residential Freehold

No agent assigned

Century Home. This 2,561 sq ft, 2-storey Wainfleet home sits on a 2.0-acre lot. Located close to Dunnville, Port Colborne, Smithville, and Welland, it offers rural charm close to amenities, to schools and even the new local fire hall. Perfect for large families or multi-generational families, the layout features 4 beds, 2 baths, 2 kitchens, and 2 laundry areas. Completely renovated to the studs by previous owners with updated plumbing, electrical, and a refreshed lower bath/kitchen with an island and pantry. Major structural and mechanical updates offer peace of mind: brand-new roof (2026) and a new furnace & A/C system (2025). The main floor boasts a large eat-in kitchen, a bright living room with hardwood floors, a primary bed with dual closets, a second bed, and a cozy rec room with built-ins. The upper level features an open loft/office/bedroom space, a bedroom, a second kitchen, and a secondary laundry setup with an updated bathroom. Outside, large, paved driveway parks 6-8 cars. Bonus: two storage sheds, no rental fees, and all appliances are included.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$623,200
Land Transfer Taxes$12,055
Legal Fees (Est.)
$
Total cash required for closing$169,355

Total Monthly Obligation

$3,925/mo
Mortgage $3,142
Monthly Loss $3,098
Principal$827
Interest$2,315
Property Tax$408
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%22
10-Year IRR
8.8%
Returns Index
12.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,600/yr
NOI
$20,845/yr
Net Cash Flow
-$1,405/mo
Cash Margin
-50.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo39
Risk Index
21.1/ 100

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

Comparables

Properties near 42841 Highway 3

Time

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Data last updated within the past 24 hours.