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Investment signal

$825,000

70 MILL STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-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 (Broadway). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

A Premier Multi-Residential Property On The Welland River. This Amazing Investment Property Is Located At The End Of A Peaceful Cul-De-Sac Street. Perfectly Positioned For Convenience, This Property Offers Easy Access To Public Transit And All The Attractions Of The Downtown Core. The Layout Features Five Distinct Units In The Primary Residence, Plus A Charming, Newly Updated One-Bedroom Suite Located Above The Double Garage. The Garage And All Units Are Currently Rented By Tenants. Significant Capital Improvements Include A New Furnace (2021), An Upgraded Electrical Panel (2022), And A Complete 2024 Renovation Of The Unit Above The Garage. The Property Passed A Fire Inspection In 2024. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 772 - Broadway
Lot dimensions: 58.8 x 300 FT
Bedrooms: 6 above grade
Parking: 10 total
Stories: 2.5
On market: Feb 4, 2026
Status changed: Apr 27, 2026
Annual tax: $4,087
Photos: 8
MLS#: X12756508
Area: WELLAND_(BROADWAY)

Features and systems

Parking

Detached GarageGarage

Basement

Partially finishedN/A

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Vinyl siding

Foundation

Block

View

Direct Water View

Waterfront

Waterfront on river

Negative cash flow ~$915/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

-6.65%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,088

Financing

Down payment$165,000

Loan amount$660,000

Mortgage$3,344/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$378

Insurance$80

Maintenance$688

CapEx reserve$344

Vacancy loss$206

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 $3,344/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.