246 Davis Street, Port Colborne

$599,900
246 Davis Street

$599,900

Price Change
79d
Detached2-Storey

246 Davis Street, Port Colborne

Total Monthly Obligation $3,049

Beds
5
Baths
2
Park
3
Sqft
1100-1500
DOM
79d
Score
19
Yield
4.6%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X13638142
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-36 × 132 ft
Listed on site-Aug 5, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,044.31 (2025)
Parking-3 - None
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-QUANTUM TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Tenants
Neighbourhood-876 - East Village
Title-Residential Freehold

No agent assigned

Welcome to 246 Davis Street in the charming lakeside community of Port Colborne - a fantastic opportunity for homeowners, investors, or those looking to embrace a relaxed lifestyle near the water. This inviting property offers a perfect blend of comfort, character, and potential. Situated on a quiet residential street, the home features a functional layout with bright, spacious living areas that create a warm and welcoming atmosphere. Large windows fill the space with natural light, while the thoughtfully designed floor plan makes everyday living and entertaining effortless. The kitchen provides ample cabinetry and workspace, ready for your personal touch, while the bedrooms offer cozy retreats for rest and relaxation. Outside, the generous yard presents endless possibilities - whether you envision a garden oasis, outdoor entertaining space, or future enhancements. Located just minutes from the Welland Canal, parks, schools, and local amenities, this home delivers both convenience and small-town charm. Enjoy easy access to waterfront trails, marinas, and Port Colborne's vibrant downtown, known for its shops, dining, and community events. Whether you're a first-time buyer, downsizer, or investor, this is a property full of promise in a growing community. Don't miss your chance to make this house your home.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,049/mo
Mortgage $2,420
Monthly Loss $2,412
Principal$637
Interest$1,783
Property Tax$254
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.4%25
10-Year IRR
9.4%
Returns Index
14.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,516/yr
NOI
$17,220/yr
Net Cash Flow
-$985/mo
Cash Margin
-42.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 246 Davis Street

Time

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Data last updated within the past 24 hours.