1/48428 THOROLD ROAD, Welland (N. Welland)
428 THOROLD ROAD, Welland (N. Welland), ON L3C3W6
$619,000 total
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Asset Class
Multifamily
Size
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Building class
C
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
89%
About this property
Turnkey legal triplex in high-demand North Welland, ideal for hands-off investors or owner-occupiers seeking substantial rental offset. Positioned on a rare corner lot (60 x 153 ft) featuring a durable metal roof and parking for up to 10 vehicles. Fully legalized in 2023 with a 200-amp electrical service, 1-inch incoming water line, and separate hydro meters for all three self-contained suites. Each unit offers dedicated in-suite laundry and private amenities. Unit 1 (main floor) is a bright 1-bed, 1-bath suite with an eat-in kitchen. Unit 2 spans the main and upper levels, featuring 2 bedrooms, large kitchen, and 4-piece bath (improved in 2026 with new kitchen, doors, trim, and paint). Unit 3 (lower level) offers 2 bedrooms, modern kitchen, dedicated dining, and updated bath. Outstanding location steps to transit, Gordon Public School, and Welland Centennial Secondary. Minutes to Maple Park, Niagara Centre YMCA, Food Basics, Sobeys, and Seaway Mall. Immediate possession available. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$22K
Annual cash flow
$-13K
Cash-on-cash
-6.85%
DSCR
0.63
Going-in cap
3.49%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
134,756
Households
49,017
Median income
$66,500
Median age
40.4
Daytime population
148,170
5-yr growth
7.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 428 THOROLD ROAD, Welland (N. Welland).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.