59 Alexandra Drive, Thorold

$629,000
59 Alexandra Drive

$629,000

New
14d
Detached2-Storey

59 Alexandra Drive, Thorold

Total Monthly Obligation $3,358

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
14d
Score
19
Yield
5.2%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.7%
Property Type-Detached
MLS® Number-X13885558
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-9.2 × 28 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,348 (2026)
Parking-3 - Built-In
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-562 - Hurricane/Merrittville
Title-Residential Freehold

No agent assigned

Welcome to 59 Alexandra Drive in Thorold, a spacious two-storey detached home offering approximately 1,692 sq. ft. of living space, three bedrooms, three bathrooms, and the added benefit of an existing tenancy generating $2,500 per month in rental income.The main floor features a bright, open-concept layout with a generous living room, dedicated dining area, and functional kitchen complete with a centre island, ample cabinetry, and stainless steel appliances. Large windows and sliding patio doors bring in plenty of natural light while providing direct access to the fully fenced backyard.Upstairs, the spacious primary bedroom includes a private ensuite bathroom, while two additional well-sized bedrooms, a full bathroom, and convenient second-floor laundry complete the level. A powder room is located on the main floor.The unfinished basement offers approximately 751 sq. ft. of additional space, providing excellent potential for future living space, a home gym, or additional storage. An attached garage, double-door front entry, and private driveway add to the home's everyday practicality.Conveniently located in Thorold with access to schools, parks, shopping, Brock University, and major commuter routes, this property offers an appealing combination of space, functionality, and established rental income. An excellent opportunity for investors seeking a tenant-occupied property in the Niagara Region.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$503,200
Land Transfer Taxes$9,055
Legal Fees (Est.)
$
Total cash required for closing$136,355

Total Monthly Obligation

$3,358/mo
Mortgage $2,537
Monthly Loss $2,690
Principal$668
Interest$1,870
Property Tax$446
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.2%30
10-Year IRR
10.0%
Returns Index
16.4/ 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
$32,496/yr
NOI
$19,398/yr
Net Cash Flow
-$921/mo
Cash Margin
-34.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
24.5/ 100

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

Comparables

Properties near 59 Alexandra Drive

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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