428 Thorold Road, Welland, ON
L3C 3W6
Listed November 9, 2026
About this property
Turnkey legal triplex in high-demand North Welland, ideal for hands-off investors or owner-occupiers seeking substantial rental offset. Positioned on a rare corner lot (60 x 153 ft) featuring a durable metal roof and parking for up to 10 vehicles. Fully legalized in 2023 with a 200-amp electrical service, 1-inch incoming water line, and separate hydro meters for all three self-contained suites. Each unit offers dedicated in-suite laundry and private amenities. Unit 1 (main floor) is a bright 1-bed, 1-bath suite with an eat-in kitchen. Unit 2 spans the main and upper levels, featuring 2 bedrooms, large kitchen, and 4-piece bath (improved in 2026 with new kitchen, doors, trim, and paint). Unit 3 (lower level) offers 2 bedrooms, modern kitchen, dedicated dining, and updated bath. Outstanding location steps to transit, Gordon Public School, and Welland Centennial Secondary. Minutes to Maple Park, Niagara Centre YMCA, Food Basics, Sobeys, and Seaway Mall. Immediate possession available.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 428 Thorold Road — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$123,800 · Minimum $36,900
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2026 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
$3,989/mo
About $47,868 a year
- $2,738
- $280
- Home insurance$125
- Utilities$330
- Maintenance & repairs$516
Cash needed to close
- Down payment (20%)
- $123,800
- Ontario land transfer tax
- $8,855
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $135,155
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
428 Thorold Road, Welland, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: November 9, 2026
Listing Office: RE/MAX ESCARPMENT REALTY INC., BROKERAGE
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