262 Draper's Street, Welland

$545,000
262 Draper's Street

$545,000

New
2d
DetachedBungalow

262 Draper's Street, Welland

Total Monthly Obligation $2,965

Beds
2
Baths
1
Park
2
Sqft
1100-1500
DOM
2d
Score
17
Yield
4.4%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-X14100822
Beds-2
Bathrooms-1
Size-1100-1500 sqft
Lot Size-41.01 × 114.67 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$4,697 (2025)
Parking-3 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-769 - Prince Charles
Title-Residential Freehold

No agent assigned

Welcome to 262 Drapers Street! This inviting 2-bedroom, 1-bathroom brick bungalow is located in a quiet, family-friendly Welland neighbourhood, close to parks, multiple golf courses, Welland Hospital, schools, and everyday amenities. The home features a bright open-concept layout with hardwood flooring running throughout the living room, hallway, and both bedrooms. An attached single-car garage adds convenience, while the unfinished basement offers plenty of potential for additional living space. With rough-ins already in place, it's ready to be transformed with additional bedrooms, a bathroom, rec room, or whatever best suits your needs. Step outside to a relaxing backyard complete with an included gazebo, creating the perfect spot for outdoor family dinners, entertaining friends, or simply unwinding at the end of the day. Recent updates include a new roof in 2020, garage door and furnace in 2022. Whether you're a downsizer looking for comfortable bungalow living or a young family looking to put down roots in a great neighbourhood, 262 Drapers Street is a home with plenty to offer. Don't miss your opportunity to make this beautiful property your own.

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Closing Costs

Mortgage Amount
$436,000
Land Transfer Taxes$7,375
Legal Fees (Est.)
$
Total cash required for closing$117,875

Total Monthly Obligation

$2,965/mo
Mortgage $2,198
Monthly Loss $2,386
Principal$579
Interest$1,620
Property Tax$391
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.4%16
10-Year IRR
7.9%
Returns Index
9.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$24,108/yr
NOI
$12,500/yr
Net Cash Flow
-$1,157/mo
Cash Margin
-57.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
25.9/ 100

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

Comparables

Properties near 262 Draper's Street

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.