529 South Pelham Road 304, Welland

$474,900
529 South Pelham Road 304

$474,900

New
37d
Condo ApartmentApartment

529 South Pelham Road 304, Welland

Total Monthly Obligation $2,972

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
37d
Score
18
Yield
5.9%
Cash on Cash
-5.5%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.2%
Property Type-Condo Apartment
MLS® Number-X13802064
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,161.36 (2026)
Maintenance-$510/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX GARDEN CITY REALTY INC, BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick Veneer
Possession-.
Neighbourhood-770 - West Welland
Title-Residential Condo & Other

No agent assigned

Modern Condo living at Mapleview Terrace. This 3-Storey building was constructed by a local builder using Insulated Concrete Forms (ICF) ensuring a sound proof and energy efficient living space. Unit #304 offers top floor, 2 bedrooms, 2 bathrooms and a balcony off the living room that Is overlooking landscaped grounds, ideal for your morning coffee or evening cocktails. With ceilings just shy of 9', upgraded lighting and In-Suite Laundry with storage this unit has it all! Modern interior design and conveniently located minutes to all that the Niagara Region has to offer. Assigned locker for additional storage and assigned parking and spectacular Social Room for those big family get togethers. Check this one out !

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

Closing Costs

Mortgage Amount
$379,920
Land Transfer Taxes$5,973
Legal Fees (Est.)
$
Total cash required for closing$102,453

Total Monthly Obligation

$2,972/mo
Mortgage $1,916
Monthly Loss $2,468
Principal$504
Interest$1,412
Property Tax$347
Condo Fees$510
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.4%1
5-Year IRR
7.7%22
10-Year IRR
9.0%
Returns Index
12.0/ 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
$27,852/yr
NOI
$12,385/yr
Net Cash Flow
-$883/mo
Cash Margin
-38.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.545
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
26.2/ 100

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

Comparables

Properties near 529 South Pelham Road 304

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.