The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
This Welland bungalow offers great flexibility for multi-generational families, investors, hobbiest or car enthusiasts . Here is a breakdown of how to maximize its unique features. MULTIGENERATIONAL LIVING: Main Floor: Bright Living Room, Dining Room, Three large bedrooms, four-piece bathroom, and functional kitchen with built-in appliances. Lower Level: Lower level has potential In-law suite featuring a kitchen, family room, bedroom, and separate office. Separation: Distinct upper and lower living zones provide independent spaces under one roof. INVESTMENT POTENTAIL STUDENT RENTAL: Highly viable due to proximity to Niagara College's Welland Campus. Income Stream: The office easily converts into an extra bedroom to maximize rental yield. TWO UNITS: Lower suite layout simplifies conversion into a legal duplex, currently non conforming, as well as the possibility of adding an Accessory Dwelling Unit, subject to building code regulations and city zoning. MASSIVE 6 CAR GARAGE: Size: Huge 68-foot by 25-foot footprint. Layout: Pre-divided with separation walls into three distinct units. Utility: Perfect for a dedicated workshop, secure car storage, or renting out extra bays for passive income. Lot and Location Lot Size: Generous 70-foot by 254-foot deep lot offering space for outdoor living or future expansion. Location: Situated in a highly desirable North End Welland neighborhood. Buyer to do their due diligence with regards to future use and building codes. Home has some updates including newer Furnace A/C, 2013, Vinyl Siding and windows, Aluminum Soffit Facia Eaves. Metal Roof 1999 with transferable warranty, Basement waterproofed from the outside 1997, Garage roof 2023, Stovetop and new counters 2020.
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,771/mo
Mortgage (principal + interest)$2,428
Property taxFrom listing: $4,122/yr$344
Minimum $39,900 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$129,800
Ontario land transfer taxProvincial brackets, no first-time refund$9,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$142,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Welland has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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