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Investment signal

$449,900

99 WELLINGTON Street

Beds

Baths

Sqft

—

Year

1988

Location

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About this home

Nestled in the Town of Waterford, this semi-detached elevated ranch offers comfortable main-level living with two bedrooms and a 4-piece bathroom on the main floor, plus a bright living area with a large window that fills the space with natural light. The spacious galley-style kitchen features ample cabinetry, & plenty of counter space, with an adjoining dining area that walks out through sliding doors to a rear deck. Downstairs, the basement presents a large family/recreation space, a games area, a 3-piece bathroom, a laundry room, and a flexible bonus room. Outside, there is a storage shed attached to the carport, and the rear gravel driveway is accessed via a rear fire lane with the carport providing shade and protection for your vehicle. The property is move-in ready with tremendous future potential with upgrades and offers a great opportunity for a starter home, investment property or a comfortable home for retirement. This property is affordable, easy to maintain and has a great location, within walking distance to the Waterford Ponds and the Waterford Heritage Trail system. (id:65958)

Subtype: Single Family
Architectural style: Raised bungalow
Structure: House
Community: Waterford
Common interest: Freehold
Living area: 1,630 square feet
Lot size: 0.09 acres
Lot dimensions: 0.092
Bedrooms: 2 above grade, 0 below grade
Parking: 2 total
Stories: 1
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Annual tax: $2,653.45
Zoning: R2
Photos: 40
MLS#: 40818798
Area: WATERFORD

Features and systems

Parking

Carport

Basement

FinishedFull

Appliances

WasherRefrigeratorCentral VacuumDryerHood FanWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Aluminum sidingVinyl sidingBrick Veneer

Foundation

Poured Concrete

Lot

Crushed stone drivewaySump Pump

Community

Community Centre

Utilities

Natural GasElectricity

Negative cash flow ~$919/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

-12.26%

Cap rate

3.44%

GRM

16.7

Break-even rent

$3,218

Financing

Down payment$89,980

Loan amount$359,920

Mortgage$2,208/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$206

Insurance$80

Maintenance$375

CapEx reserve$187

Vacancy loss$113

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.

Lifestyle nearby

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

Mortgage estimate

Estimated $2,208/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 16, 2026.