249 Wallace Avenue S, Welland

$529,900
249 Wallace Avenue S

$529,900

New
25d
Detached1 1/2 Storey

249 Wallace Avenue S, Welland

Total Monthly Obligation $2,779

Beds
3
Baths
4
Park
6
Sqft
1100-1500
DOM
25d
Score
20
Yield
5.2%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Detached
MLS® Number-X13837836
Beds-3
Bathrooms-4
Size-1100-1500 sqft
Lot Size-45 × 100 ft
Listed on site-Sep 28, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$3,200 (2025)
Parking-8 - Detached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Stone, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Concrete Block, Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-773 - Lincoln/Crowland
Title-Residential Freehold

No agent assigned

Recently renovated and move-in ready, this beautifully updated home blends modern style with everyday comfort. Offering 3 bedrooms, 3.5 bathrooms, and a fully finished basement, it provides a spacious, functional layout designed to fit every stage of life.Thoughtfully upgraded throughout, the home features a newer roof, furnace, and air conditioning system, all replaced within the last five years, giving buyers added confidence and peace of mind. The bright, open-concept main floor is warm and inviting, highlighted by a stylish eat-in kitchen that flows effortlessly into the living and dining spaces, creating the perfect setting for both entertaining and everyday living.Upstairs, you'll find three generously sized bedrooms and two updated full bathrooms. The primary suite offers a quiet, private retreat with a fresh, contemporary feel, while the additional bedrooms provide flexibility for family, guests, or a home office.The fully finished basement expands the home's living space with a versatile recreation area and an additional full bathroom, ideal for movie nights, a kids' playroom, a guest suite, or a dedicated work-from-home setup.Step outside to enjoy a property that's just as impressive outdoors as it is inside. A charming covered front porch adds welcoming curb appeal, while the low-maintenance backyard is designed for effortless enjoyment, featuring a covered seating area, and easy-care landscaping, perfect for relaxing or entertaining all summer long.Situated in a desirable neighbourhood close to parks, schools, shopping, and everyday amenities, this turnkey home offers the ideal combination of modern updates, functional living space, and everyday convenience. Simply move in and enjoy.

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

Closing Costs

Mortgage Amount
$423,920
Land Transfer Taxes$7,073
Legal Fees (Est.)
$
Total cash required for closing$114,553

Total Monthly Obligation

$2,779/mo
Mortgage $2,137
Monthly Loss $2,217
Principal$562
Interest$1,575
Property Tax$267
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.6%33
10-Year IRR
10.3%
Returns Index
17.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,396/yr
NOI
$16,956/yr
Net Cash Flow
-$724/mo
Cash Margin
-31.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
28.6/ 100

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

Comparables

Properties near 249 Wallace Avenue S

Time

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Data last updated within the past 24 hours.