1487 Marina Drive, Fort Erie

$599,000
1487 Marina Drive

$599,000

New
27d
DetachedBungaloft

1487 Marina Drive, Fort Erie

Total Monthly Obligation $3,330

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
27d
Score
20
Yield
5.6%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Detached
MLS® Number-X13831446
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-45.31 × 124.02 ft
Listed on site-Sep 26, 2026
Style-Bungaloft
Building Type-Detached
Age-0-5
Taxes-$6,463.08 (2026)
Parking-6 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-SKYLAND REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flexible/tba
Neighbourhood-334 - Crescent Park
Title-Residential Freehold

No agent assigned

Exceptional Value In Fort Erie! Why Settle For A Townhouse When You Can Own A Detached Bungaloft for the same price With More Space, More Privacy And Your Own Land? Offering approx. 1900 sqf., This Rare Layout Is Ideal For Multigenerational Living, With Two Main-Floor Bedrooms, Each With Its Own Bathroom, Plus A Private Upper-Level Primary Retreat And Loft Living Area. Soaring Ceilings Bring An Impressive Sense Of Space And Natural Light. Set On A Generous 45.31 X 124.02 Ft. Lot With A Double-Car Garage, This Home Offers The Space And Flexibility That Are Increasingly Hard To Find At This Price Point. Located In The Established Crescent Park Community, Close To Everyday Amenities, Crystal Beach, QEW And The U.S. Border. A Rare Opportunity To Get Detached Living, A Large Lot And A Unique Multigenerational Layout - All Around The Price Of Many Townhomes.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,330/mo
Mortgage $2,416
Monthly Loss $2,694
Principal$636
Interest$1,780
Property Tax$539
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.8%34
10-Year IRR
10.5%
Returns Index
18.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$33,696/yr
NOI
$19,363/yr
Net Cash Flow
-$803/mo
Cash Margin
-28.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.9/ 100

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

Comparables

Properties near 1487 Marina Drive

Time

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Data last updated within the past 24 hours.