428 Thorold Rd is a 3-bedroom, 3-bathroom triplex in Welland, listed for $619,000. It has 1100-1500 sq ft of living space.
1Positioned on a rare corner lot (60 x 153 ft) featuring a durable metal roof and parking for up to 10 vehicles.
2Unit 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).
3Unit 3 (lower level) offers 2 bedrooms, modern kitchen, dedicated dining, and updated bath.
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.
3 bedrooms, 3 bathrooms, about 1,100 sq ft, works out to roughly $563 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 428 Thorold Rd
Every detail from the listing, in one place.
Type
Triplex
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
10 spaces
Basement
Apartment, Full
Features & systems
Parking & garage
Parking spaces
10
Interior
Basement
Apartment · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Triplex
428 Thorold Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14164462$619,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 428 Thorold Rd Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,041
/mo
based on the purchase price of $619,000
$123,800 cash
$495,200 financed
$417,088 total interest
Principal54%$495,200
Interest46%$417,088
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Welland
Other 5-bed homes for sale in Welland around $619K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio96.4%On average, homes sold below asking.
Active listings452Homes for sale here right now.
Median vs prior 90 days−3.7%Compared with May 14 – Aug 12, 2026: prices down.
Based on 279 sales from Aug 12 – Nov 10, 2026 (245 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 428 Thorold Rd
How much is 428 Thorold Rd listed for?
428 Thorold Rd is listed at $619,000 (MLS® X14164462). Summitly updates the price as soon as the MLS® record changes.
Is $619,000 a good price for 428 Thorold Rd?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 428 Thorold Rd changed?
No — 428 Thorold Rd is still listed at its original asking price of $619,000.
How many bedrooms and bathrooms does 428 Thorold Rd have?
428 Thorold Rd has 3 bedrooms and 3 bathrooms, with about 1,100–1,500 square feet of living space. It is a triplex in Welland.
How much would the monthly mortgage be on 428 Thorold Rd?
About $3,041 a month — principal and interest on $619,000 with 20% down ($123,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 428 Thorold Rd compare with other homes in Welland?
Its asking price of $619,000 is about 18% above the median sold price in Welland over the last 90 days, $525,000, across 279 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 428 Thorold Rd been sold before?
Summitly has no earlier MLS® sale or lease of 428 Thorold Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 428 Thorold Rd?
428 Thorold Rd is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 428 Thorold Rd been on the market?
1 day — 428 Thorold Rd was listed on November 9, 2026.
What is the price per square foot of 428 Thorold Rd?
About $413 to $563 per square foot: the asking price of $619,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 428 Thorold Rd have parking or a garage?
Yes — the listing gives 10 parking spaces.
Does 428 Thorold Rd have a basement, and is it finished?
The listing describes the basement as: Apartment, Full.
