3 College Park Drive, Welland, ON
L3C 6Z6
Listed September 16, 2026
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About this property
Fantastic investment opportunity to own this spacious detached with 8 bedrooms! Turn-key income property in a prime location beside Niagara College. Oversized corner lot 55 x 126 ft with no rear neighbours. Bright and freshly painted throughout. Functional layout for multi-generational families, and renting out to students. There's separate units with total of approx 2900 sqft finished area. Fully tenanted with 4 bedrooms on the main floor, and additional 4 rooms in the lower unit with separate entrance. Both units have their own kitchen, full bath, and ensuite laundry. Double car garage and driveway. Huge backyard with large deck and shed. Central vac on the main floor. Located in high demand Welland neighbourhood close to all amenities, public transportation, shopping mall, groceries, restaurants, and more. Recent upgrades include lower unit kitchen 2024 and wide plank vinyl floors 2025. Furnace 2022 and A/C 2021. Roof 35yr shingles 2020 for the house and shed. Legal basement retrofit with city permit. Property is fire code compliant. Main panel 100 amp with additional 65 amp panel. Great tenants. Reasonably priced property management is available if needed. Please provide advance notice for viewings.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 3 College Park Drive — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$133,600 · Minimum $41,800
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$4,453/mo
About $53,436 a year
- $2,955
- $486
- Home insurance$125
- Utilities$330
- Maintenance & repairs$557
Cash needed to close
- Down payment (20%)
- $133,600
- Ontario land transfer tax
- $9,835
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $145,935
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
3 College Park Drive, Welland, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: September 16, 2026
Listing Office: CENTURY 21 MILLENNIUM INC.
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