17 Patricia Avenue, Welland

$249,000
17 Patricia Avenue

$249,000

New
17d
Detached2-Storey

17 Patricia Avenue, Welland

Total Monthly Obligation $1,581

Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
17d
Score
50
Yield
9.9%
Cash on Cash
16.1%
Cap Rate
8.0%
5Y IRR
28.7%
10Y IRR
25.8%
Property Type-Detached
MLS® Number-X13867510
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-37.92 × 111 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,415 (2025)
Parking-3 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-The Agency
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Rolled
Foundation-Concrete
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-767 - N. Welland
Title-Residential Freehold

No agent assigned

Calling all first-time buyers, renovators, investors and handy buyers! Welcome to 17 Patricia Avenue, an affordable opportunity to get into the Welland market and add value with your own finishing touches. This 3-bedroom home offers a surprisingly spacious layout with a large living room, separate dining area, functional kitchen and convenient main-floor laundry. The main level provides plenty of space to reimagine and customize, while the upper level includes a generous primary bedroom along with two additional bedrooms. The home features a covered front porch, private driveway and a large, fenced backyard offering plenty of outdoor space for kids, pets, entertaining or future landscaping. The kitchen is already equipped with stainless steel appliances, including fridge, stove and dishwasher, and the home also includes washer and dryer. At $249,000, this property represents an excellent opportunity for someone willing to put in some work and build equity. Whether you're looking for an affordable first home, renovation project or investment property, 17 Patricia Avenue offers plenty of potential at an attractive entry-level price. Bring your ideas, roll up your sleeves and make this one your own!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$199,200
Land Transfer Taxes$2,215
Legal Fees (Est.)
$
Total cash required for closing$53,515

Total Monthly Obligation

$1,581/mo
Mortgage $1,004
Monthly Loss $1,316
Principal$264
Interest$740
Property Tax$201
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
6.1%52
Cash-on-Cash
6.0%27
5-Year IRR
20.8%93
10-Year IRR
19.5%
Returns Index
58.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
50/ 100
Poor•Caution

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$24,660/yr
NOI
$15,279/yr
Net Cash Flow
$269/mo
Cash Margin
13.1%41
Cash Flow Index
40.5/ 100
Risk Profile
Weight: 20%
DSCR
1.2752
LTV Ratio
80.0%18
Vacancy Buffer
5.9 mo91
Risk Index
53.8/ 100

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

Comparables

Properties near 17 Patricia 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.