20 Elliot Street, Thorold

$725,000
20 Elliot Street

$725,000

New
3d
DetachedBungalow

20 Elliot Street, Thorold

Total Monthly Obligation $3,742

Beds
2
Baths
2
Park
4
Sqft
1100-1500
DOM
3d
Score
16
Yield
3.7%
Cash on Cash
-9.1%
Cap Rate
2.6%
5Y IRR
8.5%
10Y IRR
9.0%
Property Type-Detached
MLS® Number-X14096538
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-46.37 × 104.26 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,310.77 (2026)
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-562 - Hurricane/Merrittville
Title-Residential Freehold

No agent assigned

Discover the comfort and convenience of main-floor living in this detached bungalow offering approximately 1,300 sq. ft. of above-grade living space, 2 bedrooms and 1.5 bathrooms. A covered front porch welcomes you into a bright, open-concept layout designed for everyday living and entertaining. Vaulted ceilings and high windows bring an abundance of natural light into the kitchen, dining and living areas, creating an inviting sense of space. The kitchen features ample cabinetry, generous counter space, stainless steel appliances and a large island with seating and additional storage. Sliding doors off the dining area lead to the raised covered deck, providing an ideal spot to relax or enjoy outdoor dining. Hardwood flooring adds warmth throughout the main living areas. The primary bedroom offers a large closet, while a second bedroom, convenient powder room and main-floor laundry complete the functional layout. The full, unfinished basement features high ceilings, extensive storage space and a rough-in for a future three-piece bathroom, offering excellent potential to customize the space to suit your needs. Outside, the fully fenced backyard features a raised deck and lawn space, providing room to unwind and enjoy the outdoors. A double attached garage and wide concrete driveway offer ample parking and everyday convenience. Ideally located near Merritt Meadows Park, north Welland shopping and dining, Seaway Mall and Highway 406, this home is an excellent opportunity for those seeking comfortable one-level living with additional space and future potential.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$580,000
Land Transfer Taxes$10,975
Legal Fees (Est.)
$
Total cash required for closing$157,475

Total Monthly Obligation

$3,742/mo
Mortgage $2,924
Monthly Loss $2,972
Principal$770
Interest$2,155
Property Tax$443
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.4%0
5-Year IRR
5.2%11
10-Year IRR
6.9%
Returns Index
7.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$26,700/yr
NOI
$14,219/yr
Net Cash Flow
-$1,740/mo
Cash Margin
-78.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.413
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
21.2/ 100

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

Comparables

Properties near 20 Elliot Street

Time

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