54 COWAN Drive, Thorold

$639,900
54 COWAN Drive

$639,900

Price Change
36d
DetachedBungalow-Raised

54 COWAN Drive, Thorold

Total Monthly Obligation $3,314

HausQ Valuation Report
Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
36d
Score
19
Yield
5.1%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-X13800282
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-78 × 131 ft
Listed on site-Sep 17, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$4,288 (2025)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-REALTY 7 LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Vinyl Siding, Brick Front
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-556 - Allanburg/Thorold South
Title-Residential Freehold

No agent assigned

Welcome home to 54 Cowan Drive in Thorold South! This 3+1 bedroom, 2-bathroom brick raised bungalow, built in 1990, sits in a sought-after neighbourhood on a large, fully fenced lot, within walking distance to Ontario Public School. The main floor features 3 bedrooms, an open-concept kitchen/dining/living area, an updated kitchen with stainless steel appliances, and a renovated 4-piece bathroom (2025). Sliding doors provide easy access to the side deck and backyard. The renovated basement (2025) offers excellent additional living space, with a family room, recreation room, 4th bedroom, laundry, and 3-piece bathroom, and has potential for an in-law suite. Notable updates: main-floor windows (2026), roof (2020), furnace & central air (2022), central vacuum (2024), Samsung washer/dryer (2024), and newer flooring throughout. Attached garage with interior access. Conveniently located close to major highways, Brock University, public transit, amenities, and all that Niagara has to offer.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$511,920
Land Transfer Taxes$9,273
Legal Fees (Est.)
$
Total cash required for closing$138,753

Total Monthly Obligation

$3,314/mo
Mortgage $2,581
Monthly Loss $2,634
Principal$679
Interest$1,902
Property Tax$357
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.7%33
10-Year IRR
10.3%
Returns Index
17.7/ 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
$32,592/yr
NOI
$20,545/yr
Net Cash Flow
-$869/mo
Cash Margin
-32.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.0/ 100

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

Comparables

Properties near 54 COWAN Drive

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.