23 MADISON Court W, Welland

$559,000
23 MADISON Court W

$559,000

New
15d
DetachedBungalow-Raised

23 MADISON Court W, Welland

Total Monthly Obligation $3,026

Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
15d
Score
18
Yield
4.6%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X13885022
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-39.37 × 101.7 ft
Listed on site-Oct 8, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$4,754 (2025)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Rec Room
Pool-None
Facing-South
Exterior-Brick Front
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-767 - N. Welland
Title-Residential Freehold

No agent assigned

Welcome to 23 Madison Court West! Tucked away on a quiet, highly desirable court in North Welland, this all-brick raised bungalow offers an incredible opportunity to build instant equity. This property provides the perfect blend of peaceful, private living with ultimate urban convenience-located within easy walking distance to the Seaway Mall, local dining, and transit options.The classic raised bungalow layout features a bright, sun-filled upper level with 3 spacious bedrooms and a full 4-piece main bath. The lower level adds fantastic additional square footage, complete with a 4th bedroom, a convenient 3-piece bathroom, and high basement windows that flood the space with natural light. Large Rec Room with Gas Fireplace. The home is fully vacant and available for an immediate, quick closing, making it a seamless transition for its next owner. While it requires some cosmetic updating, the solid all-brick bones, premium park-facing lot, and fantastic floor plan offer loads of potential to dramatically improve your value with just a few modern touches. Whether you are looking to create your dream family home or add a high-potential asset to your portfolio, this North Welland gem is a must-see. Schedule your tour today and unlock the possibilities!

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Closing Costs

Mortgage Amount
$447,200
Land Transfer Taxes$7,655
Legal Fees (Est.)
$
Total cash required for closing$120,955

Total Monthly Obligation

$3,026/mo
Mortgage $2,255
Monthly Loss $2,433
Principal$593
Interest$1,661
Property Tax$396
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
7.1%19
10-Year IRR
8.4%
Returns Index
10.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$25,704/yr
NOI
$13,880/yr
Net Cash Flow
-$1,098/mo
Cash Margin
-51.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
25.7/ 100

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

Comparables

Properties near 23 MADISON Court W

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.