$629,999

42 RIVERSIDE DRIVE

Beds

Baths

Sqft

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About this home

Four-unit income property located along the Welland River. Property features three 1-bedroom units currently tenanted, with one unit under renovation. Property offers a riverfront setting with views of the Welland River and is suitable for investors or buyers seeking rental income.2nd Vendor Take-Back (VTB) Mortgage Available. Conveniently located near local amenities, schools, and transit. (id:65958)

Subtype: Multi-family
MLS#: X12987370
Area: WELLAND_(BROADWAY)

Negative cash flow ~$1,256/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.96%

Cap rate

3.50%

GRM

16.7

Break-even rent

$4,472

Financing

Down payment$126,000

Loan amount$503,999

Mortgage$3,092/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$289

Insurance$80

Maintenance$525

CapEx reserve$262

Vacancy loss$158

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $3,092/mo at 5.49% with 20% down, 25-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 15, 2026.

About this home

Investor view — deal analyzer

Mortgage estimate