88 Summerlea Avenue, Welland

$699,000
88 Summerlea Avenue

$699,000

Extension
21d
Detached1 1/2 Storey

88 Summerlea Avenue, Welland

Total Monthly Obligation $3,551

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
21d
Score
17
Yield
4.2%
Cash on Cash
-6.2%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Detached
MLS® Number-X13854942
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-77.69 × 283.51 ft
Listed on site-Oct 2, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$4,280.24 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Stucco (Plaster), Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-767 - N. Welland
Title-Residential Freehold

No agent assigned

SOMEONE'S LUCKY DAY! WHAT A TRANSFORMATION - WHAT A SETTING! Tucked away at the end of a peaceful dead-end street, directly beside the Steve Bauer Trail, this beautifully reimagined 1.5-storey home sits on a half-acre lot (77.50' x 283') backing onto Timber Creek Estates - with FULL CITY SERVICES! Space to breathe and a little piece of Muskoka, right here in the city. Extensive renovations have transformed all three levels. The brand-new white kitchen shines with quartz counters, marble backsplash, a new sink, dishwasher and window. Oh, and what a view! The adjacent dining room features a quartz servery and built-in cabinetry, perfect for entertaining family and friends. New luxury vinyl plank flooring, fresh paint, updated doors and trim, new stair treads and extensive electrical, lighting and plumbing upgrades complete the transformation. Upstairs, two sizeable bedrooms offer a peaceful retreat. The renovated main-floor four-piece bath features a new tub, glass enclosure, tile, vanity and fixtures. A BRAND-NEW three-piece bath serves the finished lower level, alongside a versatile room with a new walk-in closet and a newly finished laundry area. A new main-floor sliding patio door opens to a rebuilt rear deck spanning nearly 44 feet across the back of the home, overlooking a deep yard with room to garden, play or unwind. A renewed front porch, flagstone walkway, armour-stone garden wall, fresh exterior paint and landscaping add curb appeal. The spacious garage offers parking, storage or hobby space, with steps and a breezeway to the yard. The left driveway provides direct rear-yard access, offering potential for a workshop or garden suite, subject to zoning and municipal approvals. Enjoy morning bike rides and peaceful nature walks along the trail connecting Welland and Fonthill, plus winter skating and summer community events at nearby Summerlea Park. Come for the transformation - fall in love with the setting! It is time for the next chapter to begin

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,551/mo
Mortgage $2,820
Monthly Loss $2,809
Principal$742
Interest$2,078
Property Tax$357
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.8/ 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
$29,400/yr
NOI
$17,680/yr
Net Cash Flow
-$1,346/mo
Cash Margin
-54.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.6/ 100

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

Comparables

Properties near 88 Summerlea Avenue

Time

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