70 Elmwood Avenue 23, Welland

$589,850
70 Elmwood Avenue 23

$589,850

New
25d
Condo TownhouseBungalow

70 Elmwood Avenue 23, Welland

Total Monthly Obligation $3,331

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
25d
Score
17
Yield
4.6%
Cash on Cash
-8.2%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Condo Townhouse
MLS® Number-X13834088
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-11-15
Taxes-$5,489.02 (2026)
Maintenance-$293.97/mo
Locker-None
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-772 - Broadway
Title-Residential Condo & Other

No agent assigned

Welcome to this wonderful pocket of townhomes built by the much-loved Grey Forest Homes. Tucked away in a quiet, welcoming community, this home offers the easy-living lifestyle you've been dreaming of, with convenient access to everything the Niagara Region has to offer. From the moment you step inside, you'll appreciate the impressive size and spaciousness of the main floor. Custom-designed with two generously sized bedrooms, this home offers a thoughtful layout with room to relax, entertain, and enjoy everyday living. The main great room features vaulted ceilings, large windows that fill the space with natural light, and a walkout to the back deck. Whether you're hosting friends or enjoying a quiet morning, this bright and inviting space is designed for comfort. The kitchen offers timeless white cabinetry, plenty of storage for all your cookware, and a functional breakfast bar/island. A brand-new backsplash adds a fresh, stylish touch to this well-appointed space. Two full bathrooms provide convenience for both residents and guests. The primary bedroom features a large ensuite and a walk-in closet with plenty of room for your wardrobe. Say goodbye to shoveling snow and mowing the lawn. Exterior maintenance is taken care of and included in your low monthly fee, allowing you to simply lock up and go whenever the mood strikes. An attached single-car garage and private driveway provide parking for two vehicles. The unfinished basement offers an incredible opportunity to expand your living space. With high ceilings and plenty of room to work with, completing this level could nearly double your already substantial living area. The quality and thoughtful design of this wonderful home are evident throughout. If you're an empty nester looking to travel, downsize, or enjoy a carefree home base, this could be the perfect place to call home.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$471,880
Land Transfer Taxes$8,272
Legal Fees (Est.)
$
Total cash required for closing$127,742

Total Monthly Obligation

$3,331/mo
Mortgage $2,379
Monthly Loss $2,705
Principal$626
Interest$1,753
Property Tax$457
Condo Fees$294
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
6.0%14
10-Year IRR
7.6%
Returns Index
8.5/ 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
$27,000/yr
NOI
$12,883/yr
Net Cash Flow
-$1,306/mo
Cash Margin
-58.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
23.4/ 100

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

Comparables

Properties near 70 Elmwood Avenue 23

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.