447 David Street, Welland

$575,000
447 David Street

$575,000

New
4d
DetachedBungalow

447 David Street, Welland

Total Monthly Obligation $2,965

Beds
6
Baths
2
Park
3
Sqft
700-1100
DOM
4d
Score
18
Yield
4.2%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X14092464
Beds-6
Bathrooms-2
Size-700-1100 sqft
Lot Size-45 × 97 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,252 (2025)
Parking-4 - Detached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-773 - Lincoln/Crowland
Title-Residential Freehold

No agent assigned

Welcome to 447 David Street! This spacious, well-maintained home offers exceptional flexibility in a convenient, desirable neighbourhood located in Welland. Featuring six bedrooms in total, with three on the main floor and three additional bedrooms in the finished lower level, there's plenty of room for growing families, guests, multi-generational living and rental income opportunity. The finished basement adds even more versatility with a full bathroom, dedicated office, and generous rec room-ideal for movie nights, a kids' play area, a home office, or entertaining. Outside, enjoy the fully fenced backyard, complete with a newer patio and gate (2024), creating the perfect setting for summer BBQs and relaxing evenings. A standout feature is the insulated, drywalled, and heated garage (2023), offering a comfortable year-round space for hobbies, a workshop, storage, or your own private retreat. Numerous updates offer added peace of mind, including furnace and A/C (2023), professional basement waterproofing with sump pump (2022) and a transferable 25-year warranty, plus a roof approximately four years old. Ideally located just steps from schools, parks, the library, and shopping, this home combines space, comfort, and everyday convenience. Move-in ready and full of possibilities-come see what 447 David Street has to offer!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$460,000
Land Transfer Taxes$7,975
Legal Fees (Est.)
$
Total cash required for closing$124,475

Total Monthly Obligation

$2,965/mo
Mortgage $2,319
Monthly Loss $2,355
Principal$610
Interest$1,709
Property Tax$271
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
6.8%17
10-Year IRR
8.1%
Returns Index
9.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$24,000/yr
NOI
$13,848/yr
Net Cash Flow
-$1,165/mo
Cash Margin
-58.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
26.1/ 100

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

Comparables

Properties near 447 David Street

Time

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Data last updated within the past 24 hours.