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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 54 daysPrice drop · $26,000 off (-4.2%)

    18 Rainbow Court

    Welland, ON·L3C 6R3·Near Riverside Drive, Windsor, Terrace to Rainbow Court Cross St:Terrace

    • 5 beds
    • 0
    Welland real estate›X9237073
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    The opportunities are endless with this fully renovated 5-bedroom, 3-bathroom raised bungalow semi in the highly sought-after neighborhood of southwest Welland. This property is an investor's dream, featuring two units that collectively earn $4,200 per month in rental income. The main space, offering 4 bedrooms and 2 bathrooms, will be vacant on October 1st, presenting a perfect opportunity for owner-occupiers or new tenants. The lower unit's tenants, who pay $1,600 per month all-inclusive, desire to stay. No detail was missed in the updates (2022), making it an ideal home for various needs. Whether you're looking to utilize the spacious main unit for yourself and have the rental income help pay the mortgage, or you need an in-law suite for multi-generational family living, this property has it all. Features include throughout: Luxury Vinyl Plank Flooring, Quartz Countertops, Two New Laundry Units, Two Sets of all Appliances Included. Brand New Furnace (2024). Low maintenance home, all tenants are AAA+ and have been a pleasure to rent to. This property is an amazing opportunity to expand your investment portfolio or have an excellent tenant help with the monthly payments. Don't miss out on this incredible home in a prime location.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 26, 2026Price reducedCurrentReduced$599,000−$26,000 (4.2%)X9237073This page
    Oct 28, 2024SoldSold$575,000−$15,000 (2.5%)X9367298View
    Sep 25, 2024Previously listedTer$590,000 —X9414022View
    Sep 25, 2024Previously listedSld$590,000 —X9367298View
    Aug 1, 2024ListedCurrentFor sale$625,000 —X9237073This page
    Apr 5, 2023Previously listedTer$2,250 —X8499598View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Forced Air
      Air conditioning
      Central Air
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 18 Rainbow Court
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,943
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $231
    0.46% mill rate · ON
    The market

    How this home sits in the Welland market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Welland market right now

    Average sold price, days on market, and closed-transaction count for Welland — sourced from MLS®.

    • Avg sold price
      $558,199
      Last 30 days
    • Median sold price
      $541,500
      Middle of the market
    • Days on market
      39 d
      Avg from list to close
    • Closed last 30d
      224
      MLS® transactions
    Full Welland market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 18 Rainbow Court — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 18 Rainbow Court and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 18 Rainbow Court listed for?

      18 Rainbow Court is listed at $599,000 on the MLS® (listing X9237073). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 18 Rainbow Court have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 3 baths
  2. Semi-Detached
  3. Asking
    $599,000
    MLS® X9237073
    Chat Zara
  4. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $759,151
    $698,419Confidence range$819,883
    Asking vs estimate
    ↓below
    −$160,151
    (-21.1%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 5 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Welland sell in about 39 days — this one has been listed 54 days.

    Avg sold price
    $558,199
    Median sold
    $541,500
    Avg days on market
    39
    Recently sold
    224
    See comparable sales
    The opportunities are endless with this fully renovated 5-bedroom, 3-bathroom raised bungalow semi in the highly sought-after neighborhood of southwest Welland.
  5. The main space, offering 4 bedrooms and 2 bathrooms, will be vacant on October 1st, presenting a perfect opportunity for owner-occupiers or new tenants.
  6. The lower unit's tenants, who pay $1,600 per month all-inclusive, desire to stay.
  7. Whether you're looking to utilize the spacious main unit for yourself and have the rental income help pay the mortgage, or you need an in-law suite for multi-generational family living, this property has it all.
  8. Ask Zara a follow-up
    Sewer
  9. Parking & garage

    3
    Garage
    None
    Parking spaces
    6
    Driveway
    Private Double
  10. Interior

    3
    Basement
    Full, Finished
    Kitchens
    2
    Total rooms
    9
  11. Exterior & construction

    4
    Exterior
    Brick, Vinyl Siding
    Roof
    Asphalt Shingle
    Foundation
    Poured Concrete
    Pool
    None
  12. Listing & possession

    3
    Occupancy
    Immediate/Flex
    Property style
    Bungalow-Raised
    Property class
    Semi-Detached
  13. Room-by-room · 9 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    5 rooms
    • Kitchen
      null · null · null
      13.0 × 19.0 ft
    • Bedroom
      null · null · null
      10.0 × 7.5 ft
    • Bedroom
      null · null · null
      16.0 × 9.0 ft
    • Living Room
      null · null · null
      13.5 × 13.0 ft
    • Bedroom
      null · null · null
      11.0 × 11.0 ft

    Lower level

    4 rooms
    • Living Room
      null · null · null
      10.0 × 14.0 ft
    • Kitchen
      null · null · null
      14.0 × 7.0 ft
    • Bedroom
      null · null · null
      14.0 × 13.0 ft
    • Laundry
      null · null · null
      9.5 × 6.0 ft
    Combined estimate
    $3,174
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,943
    /mo
    based on the purchase price of $599,000
    $119,800 cash
    $479,200 financed
    $403,612 total interest
    Monthly payment$2,943/ month
    Principal54%$479,200
    Interest46%$403,612

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable semi-detacheds that just sold in Welland

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 116 Forks Road
      Sold
      Sign in for price
      116 Forks Road
      Semi-Detached
    • 81 Commercial Street
      Sold
      Sign in for price
      81 Commercial Street
      Semi-Detached
    • 37 Briarsdale Crescent
      Sold
      Sign in for price
      37 Briarsdale Crescent
      Semi-Detached
    • 595 First Avenue
      Sold
      Sign in for price
      595 First Avenue
      Semi-Detached
    • 100 Terrace Avenue
      Sold
      Sign in for price
      100 Terrace Avenue
      Semi-Detached
    • 6 Ridley Avenue
      Sold
      Sign in for price
      6 Ridley Avenue
      Semi-Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    18 Rainbow CourtThis home5 / 3—$599,000ask———
    116 Forks Road4 / 31,500—
    81 Commercial Street4 / 2700—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More semi-detacheds in Welland

    Active listings within ±20% of this asking price.

    • 112 Forks Road
      $599,999
      112 Forks Road
      Semi-Detached 4 3
    • 147 St. Lawrence Drive
      $549,900
      147 St. Lawrence Drive
      Semi-Detached 4 2
    • 597 First Avenue
      $579,900
      597 First Avenue
      Semi-Detached 6 3
    • 67 Harvest Oak Drive
      $670,900
      67 Harvest Oak Drive
      Semi-Detached 4 3
    • 244 Autumn Crescent
      $484,900
      244 Autumn Crescent
      Semi-Detached 5 2
    • 81 Grove Street
      $599,900
      81 Grove Street
      Semi-Detached 4 4
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  14. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  15. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  16. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  17. Public listing courtesy of RE/MAX GARDEN CITY REALTY INC. · displayed on Summitly per MLS® data-share rules

    18 Rainbow Court is a 5-bedroom, 3-bath. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  18. When was 18 Rainbow Court built?

    The year built for 18 Rainbow Court isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  19. What is the property tax for 18 Rainbow Court?

    The 'Property tax' tab in the History section shows the most recent annual tax for 18 Rainbow Court plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  20. How much would the monthly mortgage be on 18 Rainbow Court?

    The affordability calculator on this page shows an estimated monthly mortgage for $599,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  21. Has 18 Rainbow Court been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 18 Rainbow Court with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  22. What neighbourhood is 18 Rainbow Court in?

    18 Rainbow Court is in Welland, Welland. The 'Neighbourhood' section below links to the live Welland real estate hub with average sold price, days on market, and current inventory.

  23. Is Welland a good place to live?

    Welland is one of ON's actively-tracked Summitly markets. The full Welland real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  24. 37 Briarsdale Crescent
    6 / 2
    700
    —
    595 First Avenue4 / 31,500—
    100 Terrace Avenue5 / 2700—
    6 Ridley Avenue4 / 2700—