42 Terrace Avenue, Welland

$445,000
42 Terrace Avenue

$445,000

New
30d
Semi-Detached Backsplit 4

42 Terrace Avenue, Welland

Total Monthly Obligation $2,424

Beds
4
Baths
2
Park
3
Sqft
700-1100
DOM
30d
Score
21
Yield
5.6%
Cash on Cash
-1.0%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Semi-Detached
MLS® Number-X13818974
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-29.25 × 110.16 ft
Listed on site-Sep 23, 2026
Style-Backsplit 4
Building Type-Semi-Detached
Age-31-50
Taxes-$3,042 (2025)
Parking-3 - None
Basement-Separate Entrance, Partially Finished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-772 - Broadway
Title-Residential Freehold

No agent assigned

Imagine finally having the space you've been searching for. A backyard where the kids can play. Room for family gatherings. Space for a home office, hobby room, or visiting relatives. A place that can grow and change with your family's needs over the years. Welcome to 42 Terrace Avenue. Situated on a 30 x 110 ft lot with no rear neighbours, this 4-level semi-detached backsplit offers the flexibility that many buyers are searching for but rarely find at this price point. With 3+1 bedrooms, 2 kitchens, a separate entrance to the lower level, and multiple living areas spread across four levels, there's room here for everyone. Recent updates help make the transition even easier, including new laminate flooring throughout the main and upper levels, a freshly painted interior, and an updated main bathroom completed in 2026. The carpet-free design offers a clean, modern feel that's both stylish and easy to maintain. Whether you're a first-time buyer looking to put down roots, a growing family needing more space, or someone exploring multi-generational living, this home offers endless possibilities to make it your own. Step outside and discover why so many people love calling Welland home. Spend weekends exploring nearby parks and trails, enjoying the Welland Recreational Waterway, cycling, kayaking, fishing, or taking advantage of the many community amenities just minutes away. Schools, parks, recreation facilities, shopping, transit, and everyday conveniences are all close by, making life a little easier and a lot more enjoyable. This isn't just a home. It's an opportunity to create your next chapter in a community that offers space, convenience, and a lifestyle you'll enjoy for years to come. Some photographs have been virtually staged to illustrate the property's potential and are for illustrative purposes only.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$356,000
Land Transfer Taxes$5,375
Legal Fees (Est.)
$
Total cash required for closing$95,875

Total Monthly Obligation

$2,424/mo
Mortgage $1,795
Monthly Loss $1,951
Principal$472
Interest$1,323
Property Tax$254
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$24,708/yr
NOI
$14,695/yr
Net Cash Flow
-$570/mo
Cash Margin
-27.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo68
Risk Index
32.0/ 100

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

Comparables

Properties near 42 Terrace Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.