3938 Main Street, Niagara Falls

$499,999
3938 Main Street

$499,999

Price Change
32d
Detached2-Storey

3938 Main Street, Niagara Falls

Total Monthly Obligation $2,689

Beds
3
Baths
2
Park
6
Sqft
1100-1500
DOM
32d
Score
25
Yield
6.5%
Cash on Cash
3.3%
Cap Rate
5.3%
5Y IRR
18.2%
10Y IRR
16.8%
Property Type-Detached
MLS® Number-X13808416
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-56 × 165 ft
Listed on site-Sep 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,567 (2026)
Parking-8 - Detached
Basement-Full, Unfinished
Heating-Water (Gas)
Brokerage-EXP REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-223 - Chippawa
Title-Residential Freehold

No agent assigned

Experience the charm of historic Chippawa in this beautifully maintained 3-bedroom, 2-bath home on a generous lot in one of Niagara Falls' most established communities. Inside, the inviting main floor features a warm living room with gas fireplace, an updated kitchen with granite countertops, backsplash and added pantry storage, plus functional living spaces that work just as well for everyday life as they do for entertaining. One of the home's standout features is the heated three-season room attached to the garage - the perfect spot to relax, entertain or enjoy your morning coffee well into the cooler months. The home has been meticulously cared for over the years, with updates including roof shingles on both the home and garage, a renovated upper bathroom, widened concrete driveway, upper rear deck, eavestroughs with gutter guards, screen doors and more. The furnace has also been professionally serviced annually, reflecting the level of care that has gone into maintaining the property. Located just minutes from the Welland River, Chippawa Boat Launch, parks, schools, golf courses, restaurants and the heart of the Village of Chippawa, you get the quieter neighbourhood feel Chippawa is known for while still being close to everything Niagara Falls has to offer. If you've been looking for a well-kept, move-in-ready home with character, a great lot and a location that's tough to beat, this one deserves a look.

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

Closing Costs

Mortgage Amount
$399,999
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$2,689/mo
Mortgage $2,017
Monthly Loss $2,158
Principal$531
Interest$1,486
Property Tax$297
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.8%4
5-Year IRR
13.5%61
10-Year IRR
13.4%
Returns Index
31.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$32,544/yr
NOI
$21,223/yr
Net Cash Flow
-$248/mo
Cash Margin
-9.2%1
Cash Flow Index
0.8/ 100
Risk Profile
Weight: 20%
DSCR
0.8818
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
32.4/ 100

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

Comparables

Properties near 3938 Main Street

Time

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Data last updated within the past 24 hours.