48 Falcon Drive, Welland

$599,900
48 Falcon Drive

$599,900

Sold Conditional Escape
9d
Att/Row/TownhouseBungalow

48 Falcon Drive, Welland

Total Monthly Obligation $3,226

Beds
3
Baths
3
Park
2
Sqft
1100-1500
DOM
9d
Score
17
Yield
4.5%
Cash on Cash
-6.2%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Att/Row/Townhouse
MLS® Number-X14032072
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-35.27 × 148.75 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$5,171.96 (2026)
Parking-3 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas, Electric, Rec Room
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-771 - Coyle Creek
Title-Residential Freehold

No agent assigned

Downsizing your home doesn't mean downsizing your outdoor living space in this all brick freehold end unit bungalow townhome. This lot measures 148 feet deep and is perfect for an outdoor garden and there is plenty of room to entertain or enjoy summer nights under your 10 x 16 foot covered patio. Move into highly desired Coyle Creek and be close to the water and enjoy quiet walks along the manicured streets. Enjoy everyday living on one floor with everything you need on the main floor. You will find 2 bedrooms (1 currently used as office), an open concept kitchen, dining room and living room. The living room offers the perfect relaxing ambiance and a place to unwind with plenty of natural light, vaulted ceilings and a gas fireplace. The primary bedroom offers plenty of natural light, a spacious walk in closet and a 5 piece ensuite complete with a double vanity and tiled tub/shower combo. Never have to go downstairs to do laundry again, with the laundry located adjacent to the entrance from the garage door, making clean up a breeze. Downstairs you will find a fully finished basement with a large rec room with electric fireplace. Another bedroom with oversized windows and a 3 piece ensuite is perfect for your weekend guests. Finishing off the basement is plenty of storage and a finished bonus room you can use as a games room, gym or anything you please. Backyard is perfect for relaxing and unwinding. Expand your living space under your covered patio and enjoy relaxing evenings in your quiet and private backyard. Watch tv outdoors with an outdoor tv mount available for you and not one but two gas lines for your potential bbq and firetable. Make downsizing easy by checking out this move in ready home! Roof replaced in 2024

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,226/mo
Mortgage $2,420
Monthly Loss $2,589
Principal$637
Interest$1,783
Property Tax$431
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%1
5-Year IRR
6.9%18
10-Year IRR
8.3%
Returns Index
10.2/ 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
$14,628/yr
Net Cash Flow
-$1,201/mo
Cash Margin
-53.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.3/ 100

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

Comparables

Properties near 48 Falcon Drive

Time

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