63 Lyons Avenue, Welland

$385,000
63 Lyons Avenue

$385,000

Price Change
23d
DetachedBungalow

63 Lyons Avenue, Welland

Total Monthly Obligation $2,177

Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
23d
Score
24
Yield
6.5%
Cash on Cash
2.4%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Detached
MLS® Number-X13845998
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-45 × 100 ft
Listed on site-Sep 30, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,985 (2025)
Parking-4 - Detached
Basement-Full, Unfinished
Heating-Radiant (Gas)
Brokerage-EXP REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick Veneer
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-60-89 days
Neighbourhood-773 - Lincoln/Crowland
Title-Residential Freehold

No agent assigned

If you've been looking for an affordable home with good bones, a solid layout and plenty of room to make it your own, 63 Lyons Avenue is worth a look. This well-built 1950s bungalow offers just shy of 1,000 sq. ft. above grade with 3 bedrooms and an updated 4-piece bathroom, making it a great option for first-time buyers, downsizers or anyone looking for a home they can improve over time. The main floor features refinished hardwood flooring throughout the living room and bedrooms, along with a comfortable living space and a good-sized eat-in kitchen with new vinyl plank flooring that continues into the hallway. A convenient side entrance sits just off the long paved driveway, with easy access to the home, backyard and detached single-car garage. Downstairs is where you can really start to see the possibilities. The unfinished basement adds another 986 sq. ft. of space and is high and dry, giving you a blank canvas for a future rec room, additional bedrooms, a home gym, an office, or a more finished laundry space. There's also a cold cellar for additional storage. Outside, the fenced backyard offers plenty of room to create your own setup. Add a deck, build a pergola, create a garden or enjoy the extra outdoor space. The location is another big plus. Manchester Park is just around the corner and is currently being renovated and updated by the City of Welland. You can walk to Princess Elizabeth Public School; Eastdale Secondary School is a short drive away, and Highway 406 is easily accessible for commuting throughout Niagara. Shopping, restaurants and everyday amenities are all close by. There's a lot to work with here, and at this price point, it's an opportunity to get into the market and make it your own!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$308,000
Land Transfer Taxes$4,250
Legal Fees (Est.)
$
Total cash required for closing$82,750

Total Monthly Obligation

$2,177/mo
Mortgage $1,553
Monthly Loss $1,768
Principal$409
Interest$1,144
Property Tax$249
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.5%3
5-Year IRR
12.2%52
10-Year IRR
12.4%
Returns Index
26.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$24,900/yr
NOI
$14,925/yr
Net Cash Flow
-$309/mo
Cash Margin
-14.9%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo75
Risk Index
35.9/ 100

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

Comparables

Properties near 63 Lyons Avenue

Time

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