116 Steele Street, Port Colborne

$324,900
116 Steele Street

$324,900

New
32d
Detached1 1/2 Storey

116 Steele Street, Port Colborne

Total Monthly Obligation $1,958

HausQ Valuation Report
Beds
2
Baths
1
Park
5
Sqft
700-1100
DOM
32d
Score
35
Yield
8.5%
Cash on Cash
10.2%
Cap Rate
6.8%
5Y IRR
23.8%
10Y IRR
21.5%
Property Type-Detached
MLS® Number-X13807872
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-48.5 × 220 ft
Listed on site-Sep 21, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,269 (2025)
Parking-5 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete, Block
Sewer-Sewer
Possession-60-89 days
Neighbourhood-878 - Sugarloaf
Title-Residential Freehold

No agent assigned

Welcome to this 1 1/2 storey home located on Port Colborne's desirable west side, just a short walk to the lake. This 2 bedroom home offers a spacious yard and a great opportunity to put their own personal touch on the property. The home does require some work and updating. Showings Mon-Fri 5-8pm and weekends. may require 24 hours notice. Lot Size and Square Footage from MPAC *Taxes from Niagara Region Tax Calculator

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

Closing Costs

Mortgage Amount
$259,920
Land Transfer Taxes$3,349
Legal Fees (Est.)
$
Total cash required for closing$69,829

Total Monthly Obligation

$1,958/mo
Mortgage $1,311
Monthly Loss $1,613
Principal$345
Interest$966
Property Tax$272
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.3%41
Cash-on-Cash
1.9%12
5-Year IRR
17.4%83
10-Year IRR
16.7%
Returns Index
46.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
35/ 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
$27,600/yr
NOI
$17,071/yr
Net Cash Flow
$112/mo
Cash Margin
4.9%12
Cash Flow Index
11.7/ 100
Risk Profile
Weight: 20%
DSCR
1.0934
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
44.5/ 100

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

Comparables

Properties near 116 Steele Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.