378 Thorold Road, Welland

$574,900
378 Thorold Road

$574,900

New
17d
Detached2-Storey

378 Thorold Road, Welland

Total Monthly Obligation $2,976

Beds
5
Baths
2
Park
3
Sqft
1100-1500
DOM
17d
Score
19
Yield
4.7%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X13868588
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-73 × 180 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$3,388.52 (2026)
Parking-3 - None
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-767 - N. Welland
Title-Residential Freehold

No agent assigned

Nearly a half acre lot in the middle of town! House newly renovated top to bottom, inside and out in 2025. Brand new modern stucco exterior with added insulation value, new asphalt shingle roof, new vinyl windows, and exterior doors - all contributing to a highly energy efficient home. The massive covered front porch spans the entire width of the home. Step inside to an open-concept main floor, entirely reimagined with new plumbing, updated wiring, luxury vinyl plank flooring, fresh paint, new trim, and high-efficiency LED lighting throughout. The stylish new white kitchen flows through a central dining area to oversized living room flooded with natural light. A bonus rear room on the main floor makes an ideal office or family room space. Two main floor bedrooms provide flexible living options, or use one as a separate office space. A full 4pc bathroom on the main floor as well. Upstairs offers two generous bedrooms and a sleek 4-piece bathroom. The basement is partially finished with an additional bedroom, laundry room and a huge open recreation room ready for your personal touch. Set on a 0.3-acre lot with loads of room for your own additions - pool, garage, second dwelling, playground, sports courts, etc (buyer to conduct due diligence). This home is walking distance to excellent schools, shopping plazas, and restaurants. Seller is a contractor and willing to entertain any changes required by the buyer.

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

Closing Costs

Mortgage Amount
$459,920
Land Transfer Taxes$7,973
Legal Fees (Est.)
$
Total cash required for closing$124,453

Total Monthly Obligation

$2,976/mo
Mortgage $2,319
Monthly Loss $2,366
Principal$610
Interest$1,709
Property Tax$282
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.3%25
10-Year IRR
9.3%
Returns Index
13.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$26,916/yr
NOI
$16,336/yr
Net Cash Flow
-$958/mo
Cash Margin
-42.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
26.5/ 100

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

Comparables

Properties near 378 Thorold Road

Time

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