HN
89 Masters Street, Welland, ON L3B 0N4, Welland, ON
+19 photos
$485,888

89 Masters Street, Welland, ON L3B 0N4, Welland, ON

Welland, ON L3B 0N4
3 beds 3 baths Att/Row/Townhouse

About this home

A rare opportunity to secure a nearly new freehold property with built-in cash flow in a growing Niagara market.Offering modern design and functional living, this three bedroom, three bathroom home features an open-concept layout, contemporary kitchen with stainless steel appliances, spacious primary retreat with ensuite, second-floor laundry, attached garage, and unfinished basement for future potential.Currently tenanted at $2,200/month, with AAA tenants willing to stay. Lease in place until May 15th, providing immediate and stable rental income for investors.Ideally located near the scenic Welland Canal and everyday amenities, this property blends lifestyle appeal with strong investment value.Close driving distance to Niagara College (Welland Campus),Quick access to Highway 406, about minutes to Niagara Falls, Niagara Region wine country and tourism destinations. Minutes away from school, transit and shopping areas.

Property Score

53/ 100
Overall Property Score
fair

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
45/100fair
GO Transit, LRT, and bus access from this neighborhood.
Schools
62/100good
Based on local school rankings (Fraser Institute proxy).
Affordability
82% of city avggreat
Priced below Welland's average of $595,000.
Appreciation Trend
+1.2%/yrgood
Welland has seen +1.2% YoY price change.
Monthly Cash Flow
-$1,301/mopoor
Estimated -$1,301/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
2.40%fair
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13101580
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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