11423 Morgans Point Road, Wainfleet

$1,149,900
11423 Morgans Point Road

$1,149,900

New
38d
Detached2-Storey

11423 Morgans Point Road, Wainfleet

Total Monthly Obligation $5,555

Beds
4
Baths
3
Park
7
Sqft
2000-2500
DOM
38d
Score
19
Yield
4.9%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.6%
10Y IRR
13.1%
Property Type-Detached
MLS® Number-X13785400
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-50 × 305 ft
Listed on site-Sep 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,495.42 (2025)
Parking-7 - None
Basement-Crawl Space, Unfinished
Heating-Forced Air (Gas)
Brokerage-NESTLOCAL
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Electric
Pool-None
Facing-East
Exterior-Metal/Steel Siding, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block, Poured Concrete
Sewer-Septic
Possession-TBD
Neighbourhood-880 - Lakeshore
Title-Residential Freehold

No agent assigned

Welcome to 11423 Morgans Point Road, a beautifully renovated four-season home on the picturesque shores of Lake Erie, complete with a detached 1-bedroom cottage that makes an exceptional guest retreat, in-law suite, or private space for extended family. The main home offers 4 bedrooms and 2.5 bathrooms, with stunning lake views from the kitchen and living room through a full wall of windows. Enjoy lakeside living from the second-storey balcony off the primary bedroom, which also features a private 3-piece ensuite. The updated kitchen is ideal for everyday living and entertaining, featuring stainless steel appliances, a gas stove, oversized island with stone countertops, backsplash, under-cabinet lighting, and a walk-in pantry. The inviting living room includes a natural gas fireplace and built-in wall unit. The main bathroom has been recently remodelled. Thoughtful updates include new attic insulation, a Generlink system, owned hot water heater, Nest thermostat, Ring doorbell, and more. Outdoors, enjoy a large deck with room for ample seating, a new Jacuzzi hot tub, landscaped stone steps leading to the beach and parking for up to 7 vehicles. The detached cottage includes its own fridge and stove and has been updated with new siding, railings, and stairs, with new siding also added to the shed. Ideally located directly across from Morgan's Point Conservation Area with a children's playground & trails. Just a short drive to Port Colborne, this property offers comfort, flexibility, and the Lake Erie lifestyle in one impressive package. Features: Trap door to basement in laundry. Main Home Remodel (2018), Cottage Remodel (2020), Furnace & Water Heater (2020), Windows (2015 & Newer), Main Bath Remodel (2022), Hot Tub (2022), Steps to Beach (2022), Generlink (2023), Attic Insulation (2024), New Siding - Cottage & Shed (2025), Cottage Railing & Stairs (2026).

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$919,920
Land Transfer Taxes$19,473
Legal Fees (Est.)
$
Total cash required for closing$250,953

Total Monthly Obligation

$5,555/mo
Mortgage $4,638
Monthly Loss $4,334
Principal$1,221
Interest$3,418
Property Tax$541
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.5%39
10-Year IRR
10.9%
Returns Index
20.6/ 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
$56,400/yr
NOI
$39,765/yr
Net Cash Flow
-$1,325/mo
Cash Margin
-28.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7111
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
18.4/ 100

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

Comparables

Properties near 11423 Morgans Point Road

Time

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