7405 Matteo Drive, Niagara Falls

$609,000
7405 Matteo Drive

$609,000

New
25d
Att/Row/Townhouse2-Storey

7405 Matteo Drive, Niagara Falls

Total Monthly Obligation $3,282

Beds
4
Baths
4
Park
4
Sqft
1500-2000
DOM
25d
Score
18
Yield
4.9%
Cash on Cash
-4.4%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.9%
Property Type-Att/Row/Townhouse
MLS® Number-X13833464
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-23.05 × 105.24 ft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$5,404.06 (2026)
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-222 - Brown
Title-Residential Freehold

No agent assigned

Already Leased at $2,700/Month! Welcome to 7405 Matteo Drive, a modern freehold townhome built in 2022, offering an excellent investment opportunity with rental income. The tenancy commences November 1, 2026, making this an attractive option for investors looking to expand their rental portfolio. This thoughtfully designed home features 3 spacious bedrooms, 4 bathrooms, a versatile second-floor den, and a double-car garage with a driveway accommodating up to 6 vehicles. The bright main floor boasts 9-ft ceilings, pot lights, an upgraded modern kitchen, and an open-concept living and dining area with a walk-out to the backyard. Upstairs, all three generously sized bedrooms feature their own private ensuite bathrooms, offering privacy and convenience for tenants. The spacious second-floor den with a window provides additional functional space, ideal for a home office or study area. Built in 2022, this modern freehold townhome combines contemporary finishes, a practical layout, ample parking, and desirable features that appeal to tenants. An excellent opportunity for investors seeking a newer rental property with an established tenancy.**Offered at $609,000.** A great addition to your investment portfolio!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$487,200
Land Transfer Taxes$8,655
Legal Fees (Est.)
$
Total cash required for closing$131,955

Total Monthly Obligation

$3,282/mo
Mortgage $2,457
Monthly Loss $2,635
Principal$646
Interest$1,810
Property Tax$450
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.3%
Returns Index
13.5/ 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
$30,000/yr
NOI
$17,096/yr
Net Cash Flow
-$1,032/mo
Cash Margin
-41.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
24.5/ 100

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

Comparables

Properties near 7405 Matteo Drive

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.

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Data last updated within the past 24 hours.