216 Wellington Street, Welland

$569,900
216 Wellington Street

$569,900

New
9d
DetachedBungalow

216 Wellington Street, Welland

Total Monthly Obligation $2,973

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
9d
Score
19
Yield
4.7%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X14030632
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-71.33 × 98.25 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,586.69 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/MIRACLE REALTY LTD
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete, Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-773 - Lincoln/Crowland
Title-Residential Freehold

No agent assigned

Fully renovated top to bottom bungalow with an attached garage in a desirable Welland neighbourhood! features a new kitchen with quartz countertops and built in pantry, stylish backsplash, and new appliances, along with updated bathrooms, all new windows and doors, New garage door, new flooring throughout, baseboards, trim, and lighting. Exterior upgrades include a new concrete driveway and concrete surrounding the house, all new prefinished aluminum soffits, fascia, eavestroughs, and downspouts. AC and Furnace only five years old, Conveniently located close to schools, parks, shopping, amenities, and highway access ideal for commuters!

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

Closing Costs

Mortgage Amount
$455,920
Land Transfer Taxes$7,873
Legal Fees (Est.)
$
Total cash required for closing$123,353

Total Monthly Obligation

$2,973/mo
Mortgage $2,299
Monthly Loss $2,368
Principal$605
Interest$1,694
Property Tax$299
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
13.8/ 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
$27,000/yr
NOI
$16,213/yr
Net Cash Flow
-$948/mo
Cash Margin
-42.1%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
26.6/ 100

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

Comparables

Properties near 216 Wellington Street

Time

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