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Investment signal

$949,000

271 MEMORIAL PARK DRIVE

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Beds

5

Baths

5 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Welland (Lincoln/Crowland). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this exceptional, move-in-ready custom built home that seamlessly blends modern luxury with thoughtful design. This newly built two-storey home stands apart, showcasing superior craftsmanship, refined finishes, and an abundance of space tailored for a growing family. From the moment you step through the impressive 8-ft front door, you are greeted by soaring 9-foot ceilings, engineered hardwood flooring, and high-end fixtures that create a warm yet sophisticated ambiance throughout. A custom-designed mudroom with built-in cabinetry offers both style and practicality, conveniently located off the double car garage. The heart of the home is the stunning open-concept main floor-perfect for both entertaining and everyday comfort. Relax by the gas fireplace framed with impressive built-ins, or gather in the chefs kitchen featuring quartz countertops, an expansive 8.5-foot island, stainless steel appliances including a gas range with pot filler, a farmhouse sink, wine fridge, and a spacious walk-in pantry. Upstairs, you'll find four generously sized bedrooms, each thoughtfully equipped with USB outlets and TV connections. The primary suite is a true retreat, offering a walk-in closet and a spa-inspired ensuite complete with a glass-enclosed shower, freestanding soaker tub, dual vanities, and ample storage. Step outside to a beautifully sized backyard, complete with a covered deck and natural gas BBQ line-ideal for hosting or relaxing in style. Adding incredible value and versatility, the lower level features a fully self-contained in-law suite with its own private entrance. This beautifully finished space includes a modern kitchen, open-concept living area, and private in-suite laundry-perfect for extended family or potential rental income. This is a rare opportunity to own a home where luxury, comfort, and functionality come together effortlessly. Conveniently located close to the 406, amenities, Memorial Park and the newly updated Memorial Park Pool. (id:65958)

Subtype
Single Family
Structure
House
Community
773 - Lincoln/Crowland
Common interest
Freehold
Lot dimensions
48.6 x 108.5 M
Bedrooms
4 above grade, 1 below grade
Parking
4 total
Stories
2
Fireplace
Yes
On market
Apr 19, 2026
Status changed
Apr 27, 2026
Annual tax
$8,481
Photos
50
MLS#
X13017298
Area
WELLAND_(LINCOLN/CROWLAND)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFullApartment in basementSeparate entranceWalk-upN/AN/AN/AN/A

Appliances

WasherRefrigeratorCentral VacuumStoveDryerMicrowaveAlarm SystemHood FanWindow CoveringsGarage door opener remote(s)Water Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Poured Concrete

Lot

Carpet FreeSump PumpIn-Law Suite
Negative cash flow ~$1,035/mo at these assumptions

Cash on cash

-6.55%

Cap rate

3.55%

GRM

16.6

Break-even rent

$5,840

Financing

Down payment$189,800
Loan amount$759,200
Mortgage$3,847/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435
Insurance$80
Maintenance$791
CapEx reserve$395
Vacancy loss$238

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,847/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.

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