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Listed 1 month ago

3 College Park Drive

767 - N. Welland, Welland

$668,000

Detached|Bungalow
4 | 2 | 4
About this home

Fantastic investment opportunity to own this spacious detached with 8 bedrooms! Turn-key income property in a prime location beside Niagara College. Oversized corner lot 55 x 126 ft with no rear neighbours. Bright and freshly painted throughout. Functional layout for multi-generational families, and renting out to students. There's separate units with total of approx 2900 sqft finished area. Fully tenanted with 4 bedrooms on the main floor, and additional 4 rooms in the lower unit with separate entrance. Both units have their own kitchen, full bath, and ensuite laundry. Double car garage and driveway. Huge backyard with large deck and shed. Central vac on the main floor. Located in high demand Welland neighbourhood close to all amenities, public transportation, shopping mall, groceries, restaurants, and more. Recent upgrades include lower unit kitchen 2024 and wide plank vinyl floors 2025. Furnace 2022 and A/C 2021. Roof 35yr shingles 2020 for the house and shed. Legal basement retrofit with city permit. Property is fire code compliant. Main panel 100 amp with additional 65 amp panel. Great tenants. Reasonably priced property management is available if needed. Please provide advance notice for viewings.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,834
Lot Size55 ft x 126 ft
mls© NumberX13794178
Listed ByCENTURY 21 MILLENNIUM INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,419
Property tax
$486
Heat allowance
$150
Housing costs
$4,055 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $133,600
25-yr amortization

Income needed

$125,000

gross annual household income

Payment at 4%
$2,811 / mo
Cash down
$133,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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