406 Hennepin Avenue, Welland

$349,900
406 Hennepin Avenue

$349,900

New
23d
Detached1 Storey/Apt

406 Hennepin Avenue, Welland

Total Monthly Obligation $1,773

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
23d
Score
25
Yield
6.4%
Cash on Cash
3.2%
Cap Rate
5.3%
5Y IRR
18.1%
10Y IRR
16.7%
Property Type-Detached
MLS® Number-X13843054
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 100 ft
Listed on site-Sep 30, 2026
Style-1 Storey/Apt
Building Type-Detached
Taxes-$1,940 (2025)
Parking-2 - None
Basement-Crawl Space
Heating-Heat Pump (Electric)
Brokerage-COLDWELL BANKER MOMENTUM REALTY, BROKERAGE
Cooling-Central Air, Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-773 - Lincoln/Crowland
Title-Residential Freehold

No agent assigned

Come check out 406 Hennepin Ave! This beautiful home is close to many amenities and is located in a great upcoming area of Welland. This home is just like a brand new house with all the renovations it has gone through in the past year. Looking at it from the road it may seem simple and unassuming, but once you take one step inside you will soon notice a stunning and surprising new look - completely updated and beautiful, with a high vaulted ceiling throughout the open concept eat-in kitchen and family room. The 2 main floor bedrooms are a very good size and come with closets offering lots of storage. Once inside you will notice that there is nothing to do but just move in as there is new drywall and paint, new windows, new flooring and new trim & doors throughout. The large renovated kitchen offers Upgraded Stylish Cabinets including quartz countertops and a tiled backsplash. The 4 piece bath is also brand new with a new Upgraded Vanity and flooring and fixtures. On top of all the renovations the electrical panel, wiring and plumbing have also been updated and underneath of it all energy efficient spray foam insulation was installed with a large heat pump servicing 3 separate wall units with separate controls to keep you toasty warm during the cold winters and nice and cool during the hot summers. This home is move in ready and is suitable for a variety of Buyers such as Single Buyers, First Time Buyers, Seniors (as it is one floor living), Downsizing Buyers, Professionals looking for no maintenance and or Investors. Come take a look today.

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

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$1,948/mo
Mortgage $1,411
Monthly Loss $1,577
Principal$371
Interest$1,040
Property Tax$162
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-4.1%3
5-Year IRR
12.5%54
10-Year IRR
12.6%
Returns Index
28.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$22,560/yr
NOI
$13,864/yr
Net Cash Flow
-$256/mo
Cash Margin
-13.6%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
4.9 mo82
Risk Index
38.5/ 100

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

Comparables

Properties near 406 Hennepin 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.