2631 Thompson Road, Fort Erie

$735,000
2631 Thompson Road

$735,000

New
30d
DetachedBungalow

2631 Thompson Road, Fort Erie

Total Monthly Obligation $3,790

Beds
2
Baths
2
Park
4
Sqft
2000-2500
DOM
30d
Score
16
Yield
3.6%
Cash on Cash
-9.5%
Cap Rate
2.5%
5Y IRR
8.1%
10Y IRR
8.8%
Property Type-Detached
MLS® Number-X13822330
Beds-2
Bathrooms-2
Size-2000-2500 sqft
Lot Size-191 × 110 ft
Listed on site-Sep 23, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$5,401.26 (2026)
Parking-6 - Attached
Basement-Unfinished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-Above Ground
Facing-North
Exterior-Cedar
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-flexible
Neighbourhood-331 - Bowen
Title-Residential Freehold

No agent assigned

Welcome Home!! This is more than a house, it's a lifestyle that rarely comes to market. Just a 90-second drive from public boat launches along the Niagara River, this thoughtfully renovated home combines the warmth and character of an established home with modern updates that let you move in and simply enjoy. Carpet-free throughout, the home beautifully blends refinished original oak flooring with newer hardwood, preserving its character while giving it a fresh, updated feel. The spacious kitchen features abundant maple cabinetry with quartz and granite countertops, while the living space is full of personality with a cozy gas fireplace, built-in bar and the bookshelf of your dreams. With two bedrooms plus a versatile den/office, there is flexibility for working from home, overnight guests or potential use as a third bedroom. Two bathrooms, including a Scandinavian-inspired main bath, add to the home's comfort and functionality. Outdoor living extends from both sides of the home. A deck off the dining room is perfect for morning coffee, outdoor dining and summer evenings. On the other side, the sunroom opens onto a private patio with a newer hot tub and above-ground pool, creating a second space to relax, entertain and enjoy the outdoors throughout the seasons. A double attached garage provides even more room for vehicles, equipment and storage. Niagara Falls is 15 minutes away and the Peace Bridge 10 minutes away, all while enjoying proximity to the Niagara Parkway without the additional Parkway taxes. With generous frontage, extensive renovations, room for the toys, multiple indoor and outdoor spaces to gather, and the Niagara River just moments away, this is a property designed to be lived in and enjoyed. Full of character, thoughtfully updated and made for real life, this is the kind of house that feels like home the moment you walk through the door, with a lifestyle that rarely comes along.

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

Closing Costs

Mortgage Amount
$588,000
Land Transfer Taxes$11,175
Legal Fees (Est.)
$
Total cash required for closing$159,675

Total Monthly Obligation

$3,790/mo
Mortgage $2,965
Monthly Loss $3,010
Principal$780
Interest$2,185
Property Tax$450
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.7%0
5-Year IRR
4.9%11
10-Year IRR
6.7%
Returns Index
6.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$26,400/yr
NOI
$13,859/yr
Net Cash Flow
-$1,810/mo
Cash Margin
-82.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
20.9/ 100

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

Comparables

Properties near 2631 Thompson Road

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.