6424 Corwin Crescent, Niagara Falls

$545,000
6424 Corwin Crescent

$545,000

New
28d
DetachedBungalow

6424 Corwin Crescent, Niagara Falls

Total Monthly Obligation $2,886

Beds
5
Baths
2
Park
5
Sqft
1100-1500
DOM
28d
Score
23
Yield
6.1%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Detached
MLS® Number-X13831056
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-75 × 120 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,756 (2025)
Parking-5 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-flexible
Neighbourhood-216 - Dorchester
Title-Residential Freehold

No agent assigned

**TWO KITCHENS + FULL IN-LAW SETUP!** Solid brick bungalow on a quiet street, backing directly onto a park and offering exceptional flexibility for a growing family, extended family, or those looking for additional living space.This **3+2 bedroom home** features a spacious main floor with a large, cozy living room complete with wood-burning fireplace, generous kitchen/dining area, and updated 4-piece bathroom. The huge rear sunroom offers excellent potential and just needs your finishing touches to create even more seasonal living space.The finished basement is where this home really shines, featuring a **second kitchen, large recreation room, 2 bedrooms and an updated 4-piece bathroom - a complete in-law setup with its own living and sleeping areas.** An ideal arrangement for extended family, older children, guests, or added flexibility. Outside, enjoy a large, almost fully fenced yard backing onto a park, plus **two storage sheds and two driveways** providing plenty of parking and room for an RV, boat and all your recreational toys.Located within walking distance to schools, amenities and the Falls. Updates include replacement windows, roof (2014), and furnace, A/C and water heater (2011), to be paid out by the seller on closing.**A rare combination of space, flexibility and location - with two kitchens and genuine in-law potential!**

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

Closing Costs

Mortgage Amount
$436,000
Land Transfer Taxes$7,375
Legal Fees (Est.)
$
Total cash required for closing$117,875

Total Monthly Obligation

$2,886/mo
Mortgage $2,198
Monthly Loss $2,308
Principal$579
Interest$1,620
Property Tax$313
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.9%3
5-Year IRR
12.6%54
10-Year IRR
12.6%
Returns Index
28.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$33,360/yr
NOI
$21,768/yr
Net Cash Flow
-$384/mo
Cash Margin
-13.8%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8315
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
29.9/ 100

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

Comparables

Properties near 6424 Corwin Crescent

Time

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