24 Welch Court, St. Thomas

$839,000
24 Welch Court

$839,000

New
18d
Detached2-Storey

24 Welch Court, St. Thomas

Total Monthly Obligation $4,252

Beds
4
Baths
4
Park
2
Sqft
2000-2500
DOM
18d
Score
17
Yield
4.1%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X13862878
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-40 × 110 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,907.47 (2025)
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-KING REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Welcome to this stunning brand-new detached home offering approximately 2,425 sq. ft. of thoughtfully designed living space in one of St. Thomas' fastest-growing communities. This beautiful home features 4 spacious bedrooms, 3.5 bathrooms, including a convenient Jack & Jill bath, soaring ceilings, and an open-concept layout ideal for modern family living. The contemporary kitchen boasts quartz countertops, a large centre island, walk-in pantry, abundant cabinetry, and stainless steel appliances. The spacious primary bedroom offers a walk-in closet and a luxurious 5-piece ensuite. Large windows throughout provide an abundance of natural light. Situated on a quiet court, this home is just minutes from Elgin Centre, Walmart, Metro, Real Canadian Superstore, Fanshawe College, the Amazon Fulfillment Centre, parks, schools, restaurants, and other everyday amenities, with easy access to London and Highway 401. A perfect opportunity to own a brand-new home in a thriving and growing community.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$671,200
Land Transfer Taxes$13,255
Legal Fees (Est.)
$
Total cash required for closing$182,555

Total Monthly Obligation

$4,252/mo
Mortgage $3,384
Monthly Loss $3,361
Principal$891
Interest$2,494
Property Tax$492
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.0%18
10-Year IRR
8.3%
Returns Index
10.5/ 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
$34,800/yr
NOI
$20,913/yr
Net Cash Flow
-$1,642/mo
Cash Margin
-56.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.7/ 100

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

Comparables

Properties near 24 Welch Court

Time

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Data last updated within the past 24 hours.