318 RIVER Road Unit Lower, Welland, ON
L3B 2S4
Listed October 27, 2026
About this property
Nicely finished lower unit in a custom semi, well positioned in the heart of Welland. This unit has a separate side entrance leading to a 1 bedroom, 1 bathroom with large open concept living area with custom kitchen, stainless steel appliances and quartz counters. Unit is complete with, in-unit laundry, pot lights, HRV system, tankless on demand hot water heater. Hydro and gas are separately metered. Parking for 1 vehicle in front driveway. Conveniently located in a quiet neighbourhood, walking distance to the Downtown core complete with retail, grocery, food service, public transit and community facilities. Also positioned close to Woodlawn Rd., featuring a newer big box retail hub, sports facilities and access to the Seaway Mall and 406.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Carrying Costs Calculator
What it could cost each month to rent 318 RIVER Road Unit Lower — rent, utilities, tenant insurance, internet and parking — plus the cash you’ll need to move in. Change any number to match your situation.
Rent
From the listing.
Utilities
The listing says the tenant pays this.
The listing says the tenant pays this.
Not clear from the listing — a typical bill. Ask the landlord.
Many Ontario homes rent their water heater — add it if the landlord passes it on.
Other monthly costs
Typical in Ontario — many landlords require it.
A typical plan in the area.
Add it if parking costs extra.
Coin laundry, a storage locker or other regular costs.
Moving in
Refundable when you return the keys — ask the landlord for the amount.
A typical local move with movers — less if friends help.
Account opening and installation fees.
Estimated monthly carrying cost
$1,885/mo
About $22,620 a year
- Rent$1,450
- $330
- Tenant insurance$30
- Internet$75
Cash needed to move in
- First month's rent
- $1,450
- Last month's rent deposit
- $1,450
- Key / fob depositRefundable
- $100
- Moving & set-upEstimate
- $1,000
- Total
- $4,000
Your first 12 months
- Rent and monthly costs12 months
- $22,620
- Moving & set-up
- $1,000
- Total
- $23,620
Deposits aren’t an extra cost: the last-month deposit pays your final month and the key deposit comes back when you return the keys.
Planning ahead
- Household income to keep rent + utilities at 30%CMHC's affordability guideline — landlords often use a similar test
- $72,000/yr
- Highest rent at your first renewalOntario's 2027 guideline (1.9%), once a year with 90 days' written notice. Units first lived in after November 15, 2018 aren't capped.
- $1,478/mo
Estimates only — not legal or financial advice. Deposits and rent increases follow Ontario’s Residential Tenancies Act; utilities, insurance, internet and moving costs are typical figures for the area. Confirm what the rent includes with the landlord before you sign.
Location & Walkability
318 RIVER Road Unit Lower, Welland, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: October 27, 2026
Listing Office: ROYAL LEPAGE NRC REALTY
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