8031 Watson Street, Niagara Falls

$649,900
8031 Watson Street

$649,900

Price Change
28d
DetachedSidesplit 3

8031 Watson Street, Niagara Falls

Total Monthly Obligation $3,392

Beds
3
Baths
2
Park
6
Sqft
1100-1500
DOM
28d
Score
18
Yield
4.5%
Cash on Cash
-5.5%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-X13831024
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-106.12 × 152.23 ft
Listed on site-Sep 25, 2026
Style-Sidesplit 3
Building Type-Detached
Taxes-$4,740 (2026)
Parking-7 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Above Ground
Facing-South
Exterior-Asbestos Siding, Stone
Roof-Fibreglass Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-30-59 DAYS
Neighbourhood-213 - Ascot
Title-Residential Freehold

No agent assigned

Welcome to 8031 Watson Street, a beautifully maintained side-split offering a rare combination of flexible living space, exceptional parking and storage, and a backyard made for enjoying the warmer months. With three bedrooms, multiple finished levels, and versatile bonus spaces throughout, this is a home designed to adapt to the way you live.The main level offers the convenience of a bedroom, full bathroom, and kitchen all on one floor, along with bright and comfortable living space. Upstairs, two additional bedrooms are separated by a versatile common area-currently used as a home office, but equally suited as a playroom, study, reading area, or cozy second lounge.The finished lower level adds even more usable living space, complete with an additional bathroom and a separate back room that can adapt to your needs.Outside, the property has just as much to offer. The circular driveway provides convenient access and ample parking, while the attached and detached garages, along with an additional storage shed, provide plenty of space for vehicles, tools, equipment, hobbies, and storage. Mature landscaping and a welcoming front deck add to the home's curb appeal, while the backyard offers its own place to unwind, complete with an above-ground pool for summer days at home.As the home's second owners, we've had the privilege of calling it home for the past 21 years. It has been the backdrop to more than two decades of everyday moments and memories, and now we're ready to pass it along to someone new-to make it their own and begin the next chapter here.With three bedrooms, two bathrooms, two garages, a storage shed, a finished lower level, a circular driveway, an above-ground pool, and versatile bonus spaces, 8031 Watson Street offers much more than you might expect at first glance-and a wonderful opportunity for its next owners to call it home.

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

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,392/mo
Mortgage $2,622
Monthly Loss $2,702
Principal$690
Interest$1,932
Property Tax$395
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.6%21
10-Year IRR
8.7%
Returns Index
11.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$29,280/yr
NOI
$17,112/yr
Net Cash Flow
-$1,196/mo
Cash Margin
-49.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
23.6/ 100

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

Comparables

Properties near 8031 Watson 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.

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.