256 Kingsway Street, Welland

$489,900
256 Kingsway Street

$489,900

New
16d
DetachedBungalow

256 Kingsway Street, Welland

Total Monthly Obligation $2,722

Beds
2
Baths
1
Park
4
Sqft
1100-1500
DOM
16d
Score
21
Yield
5.7%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.4%
10Y IRR
13.7%
Property Type-Detached
MLS® Number-X13873572
Beds-2
Bathrooms-1
Size-1100-1500 sqft
Lot Size-78.32 × 626.29 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,450 (2025)
Parking-6 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-774 - Dain City
Title-Residential Freehold

No agent assigned

Set across the street from the Welland Canal, this solid 1954 brick bungalow offers approx. 1,179 sq ft above grade on an exceptionally deep lot of just over an acre (approx. 78 x 626 ft), the kind of space that is hard to find in town.The main floor offers 2 bedrooms, a full bathroom, a bright kitchen with white cabinetry and a centre island, and a dining area made for everyday living. The big-ticket updates are already done, including an oil-to-gas conversion, newer windows throughout and recent shingle work, plus a sump pump and backwater valve.The unfinished basement is a blank canvas, ready to finish to suit. Outside, enjoy a covered front porch, paved driveway, attached garage and a well kept lawn with gardens, with plenty of room to play, garden and entertain. Sit out front for a view of the canal while enjoying your morning coffee.Some photos have been virtually staged. Book your private showing today.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$391,920
Land Transfer Taxes$6,273
Legal Fees (Est.)
$
Total cash required for closing$105,753

Total Monthly Obligation

$2,722/mo
Mortgage $1,976
Monthly Loss $2,202
Principal$520
Interest$1,456
Property Tax$371
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.9%35
10-Year IRR
10.6%
Returns Index
18.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$27,720/yr
NOI
$15,998/yr
Net Cash Flow
-$643/mo
Cash Margin
-27.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
29.2/ 100

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

Comparables

Properties near 256 Kingsway Street

Time

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