5 Armour Drive, Welland

$549,999
5 Armour Drive

$549,999

New
16d
DetachedBungalow

5 Armour Drive, Welland

Total Monthly Obligation $2,923

Beds
3
Baths
1
Park
4
Sqft
1100-1500
DOM
16d
Score
19
Yield
4.7%
Cash on Cash
-4.6%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X13873320
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-60 × 120 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,955 (2025)
Parking-5 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-769 - Prince Charles
Title-Residential Freehold

No agent assigned

Welcome to 5 Armour Drive, a beautifully maintained all-brick bungalow located in Welland's sought-after Chippawa Park neighbourhood. Situatedon a spacious corner lot, this 3-bedroom home offers a great blend of character, comfort, and tasteful updates throughout. The home features an updated kitchen with newer appliances, updated flooring, and a brand new small back deck off the home, ideal for BBQing and easy outdoor access. The attached garage adds everyday convenience, and the basement includes a cold room/fruit cellar with excellent storage.Located in one of Welland's most established and family-friendly neighbourhoods, close to parks, schools, and everyday amenities, this is a fantastic opportunity to own a solid home in a prime location.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$439,999
Land Transfer Taxes$7,475
Legal Fees (Est.)
$
Total cash required for closing$118,975

Total Monthly Obligation

$2,923/mo
Mortgage $2,219
Monthly Loss $2,339
Principal$584
Interest$1,635
Property Tax$330
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
7.9%23
10-Year IRR
9.0%
Returns Index
12.6/ 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
$26,040/yr
NOI
$14,981/yr
Net Cash Flow
-$970/mo
Cash Margin
-44.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
26.7/ 100

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

Comparables

Properties near 5 Armour Drive

Time

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Data last updated within the past 24 hours.