161 Forks Road, Welland

$699,850
161 Forks Road

$699,850

New
18d
DetachedBungalow

161 Forks Road, Welland

Total Monthly Obligation $3,304

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
18d
Score
17
Yield
3.6%
Cash on Cash
-6.9%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X13864484
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40.68 × 97.32 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Age-New
Taxes-$1,274 (2026)
Parking-3 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Stone, Vinyl Siding
Roof-Fibreglass Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-774 - Dain City
Title-Residential Freehold

No agent assigned

Brand New. Beautifully Finished. Built Above the Ordinary. Welcome to this exceptional 2-bedroom bungalow in Dain City, where quality craftsmanship, elevated finishes and thoughtful design come together in a truly move-in-ready home. Step inside to an impressive open-concept living space featuring 9-foot ceilings throughout the main floor and dramatic 10-foot tray ceilings in the living room and primary bedroom. The upgraded trim package and custom cabinetry showcase the attention to detail found throughout this home. The designer-inspired kitchen features quartz countertops, upgraded backsplash, under-cabinet lighting, 5 included appliances and 3 bar stools. The living room is anchored by an upgraded gas fireplace with blower kit and remote, framed by a stylish shiplap feature wall with electrical conveniently positioned above the mantle for your TV. The quality continues below. The basement has been thoughtfully prepared for future finishing with exterior walls already framed, foundation saw-cut for future access, and a rough-in for a 3- or 4-piece bathroom. An upgraded 200-amp electrical panel provides excellent capacity for future needs, including EV charging. The on-demand hot water system is owned, not rented. Outside, enjoy a newly sodded yard, included rear deck and the privacy of backing onto a greenbelt. With virtually everything completed, the driveway is the primary remaining exterior project. Ask about the basement finishing bonus available on firm deals. A rare opportunity to purchase a brand new bungalow with the upgrades, craftsmanship and finish level typically reserved for a much higher price point. Nothing ordinary about this one.

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

Closing Costs

Mortgage Amount
$559,880
Land Transfer Taxes$10,472
Legal Fees (Est.)
$
Total cash required for closing$151,942

Total Monthly Obligation

$3,304/mo
Mortgage $2,823
Monthly Loss $2,561
Principal$743
Interest$2,080
Property Tax$106
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%0
5-Year IRR
6.7%17
10-Year IRR
8.0%
Returns Index
9.9/ 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
$25,284/yr
NOI
$16,982/yr
Net Cash Flow
-$1,408/mo
Cash Margin
-66.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
23.9/ 100

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

Comparables

Properties near 161 Forks Road

Time

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