340 Thornwood Avenue, Fort Erie

$849,999
340 Thornwood Avenue

$849,999

Price Change
29d
DetachedBungalow

340 Thornwood Avenue, Fort Erie

Total Monthly Obligation $4,190

Beds
4
Baths
3
Park
6
Sqft
1500-2000
DOM
29d
Score
17
Yield
4.0%
Cash on Cash
-6.7%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-X13824628
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-150 × 140 ft
Listed on site-Sep 24, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,637 (2025)
Parking-6 - Attached
Basement-Unfinished, Other
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

Welcome to 340 Thornwood! For the first time ever, this beautiful bungalow is being offered for sale in the heart of Ridgeway. Ideally located within easy walking distance of the village, you'll enjoy convenient access to groceries, shops, restaurants, parks and all the amenities Ridgeway has to offer. The beautiful sandy beaches of Crystal Beach are also just a short drive away. This inviting home offers four bedrooms, quality finishes and two gas fireplaces, creating a warm and comfortable atmosphere throughout. The spacious family room features soaring cathedral ceilings, providing an impressive gathering space for family and friends.The heated attached garage adds year-round convenience, while the full basement provides plenty of additional space for storage, hobbies, recreation or future possibilities. A Generac generator offers added peace of mind and convenience, ensuring your home is prepared when you need it most.Outside, you'll find separate outdoor storage sheds, providing plenty of room for gardening equipment, tools, recreational gear and more. Adding to the appeal is the potential opportunity to sever an additional building lot, offering exciting possibilities for the future. Whether you explore the severance potential or simply enjoy the additional space for your growing family, this property offers flexibility and room to grow. A rare opportunity to own a well-appointed home in the heart of Ridgeway, close to village amenities and just minutes from beautiful Lake Erie beaches.

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

Mortgage Amount
$679,999
Land Transfer Taxes$13,475
Legal Fees (Est.)
$
Total cash required for closing$184,975

Total Monthly Obligation

$4,190/mo
Mortgage $3,429
Monthly Loss $3,288
Principal$902
Interest$2,526
Property Tax$386
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.1%19
10-Year IRR
8.3%
Returns Index
10.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,936/yr
NOI
$21,405/yr
Net Cash Flow
-$1,645/mo
Cash Margin
-58.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
20.0/ 100

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

Comparables

Properties near 340 Thornwood Avenue

Time

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Data last updated within the past 24 hours.