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Investment signal

$629,999

42 RIVERSIDE DRIVE

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

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

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
Structure: Fourplex
Community: 772 - Broadway
Lot dimensions: 45 x 67 FT
Bedrooms: 4 above grade
Parking: 2 total
Stories: 2
On market: Apr 11, 2026
Status changed: Apr 15, 2026
Annual tax: $4,906
Photos: 8
MLS#: X12987370
Area: WELLAND_(BROADWAY)

Features and systems

Parking

No Garage

Basement

Other, See RemarksN/A

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Foundation

Block

Negative cash flow ~$717/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

-6.83%

Cap rate

3.50%

GRM

16.7

Break-even rent

$3,905

Financing

Down payment$126,000

Loan amount$503,999

Mortgage$2,554/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: 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 $2,554/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 15, 2026.