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Investment signal

$599,900

39 PARK STREET

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Beds

Baths

Sqft

—

Year

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Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

ATTN Investors! Welcome to 39 Park St, a triplex located in the downtown core of Welland. This solid brick two-storey home offers three standalone apartments, each with separate entrances and separate hydro meters. The property also includes a 32' x 16' detached garage with excellent potential to be converted into a fourth unit.All three units are generous in size and would make a strong addition to any investment portfolio. They are currently rented, and all tenants are on a month-to-month basis, offering flexibility for future plans. The location is highly convenient with close access to major highways and essential amenities. This property presents an opportunity for someone to add their personal updates and bring it up to modern standards. Features Area Influences: School Bus Route. (id:65958)

Subtype: Single Family
Structure: House
Community: 768 - Welland Downtown
Common interest: Freehold
Lot dimensions: 33.8 x 147.4 FT
Bedrooms: 4 above grade
Parking: 5 total
Stories: 2
On market: Apr 27, 2026
Status changed: Apr 27, 2026
Annual tax: $2,994
Photos: 5
MLS#: X13047396
Area: WELLAND_(WELLAND_DOWNTOWN)

Features and systems

Parking

Detached GarageGarage

Basement

FinishedApartment in basementSeparate entranceWalk outWalk-upN/AN/AN/AN/A

Appliances

RefrigeratorWater meterStove

Heating

Forced airNatural gas

Cooling

None

Exterior

BrickStone

Foundation

WoodConcrete

Lot

Level lotFlat sitePaved yardSump Pump

Utilities

SewerElectricityCable

Negative cash flow ~$687/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.87%

Cap rate

3.49%

GRM

16.7

Break-even rent

$3,723

Financing

Down payment$119,980

Loan amount$479,920

Mortgage$2,432/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$500

CapEx reserve$250

Vacancy loss$150

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 $2,432/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.