229 Midland Place, Welland

$1,100,000
229 Midland Place

$1,100,000

New
59d
Detached2-Storey

229 Midland Place, Welland

Total Monthly Obligation $5,070

Beds
4
Baths
4
Park
4
Sqft
2500-3000
DOM
59d
Score
18
Yield
4.2%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-X13715090
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-45.42 × 89.14 ft
Listed on site-Aug 25, 2026
Style-2-Storey
Building Type-Detached
Age-New
Taxes-$3,099.56 (2025)
Parking-6 - Attached
Basement-Walk-Out
Heating-Forced Air (Gas)
Brokerage-STONEMILL REALTY INC.
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Stone, Brick Front
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-766 - Hwy 406/Welland
Title-Residential Freehold

No agent assigned

Limited time HST rebate offer affordable luxury. This spacious 2,750 sq. ft. custom home in WaterView Estate is located right beside Hunters Point, with parks, trails, shopping and easy 406 access nearby. Featuring over $200,000 in premium finishes, this home blends modern design with thoughtful family living. The striking exterior features oversized windows, stone details and a welcoming stone portico, while the bright open-concept interior showcases a stunning gourmet kitchen with waterfall island, quartz countertops and crown moulding. The spacious primary suite offers his & hers closets and a spa-inspired ensuite with full-glass shower, soaker tub, quartz double vanity and LED mirrors. Each bedroom has access to its own or shared ensuite, with walk-in closets in Bedrooms 2 & 3 and convenient bedroom-level laundry. The walk-out basement offers incredible flexibility for multi-generational living, a home theatre, gym or additional living space, with a 3-piece bath rough-in.

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

Closing Costs

Mortgage Amount
$880,000
Land Transfer Taxes$18,475
Legal Fees (Est.)
$
Total cash required for closing$239,975

Total Monthly Obligation

$5,070/mo
Mortgage $4,437
Monthly Loss $3,903
Principal$1,168
Interest$3,269
Property Tax$258
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.0%29
10-Year IRR
9.7%
Returns Index
15.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$45,696/yr
NOI
$33,527/yr
Net Cash Flow
-$1,643/mo
Cash Margin
-43.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
18.4/ 100

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

Comparables

Properties near 229 Midland Place

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.