187 Erie Street, Port Colborne

$559,000
187 Erie Street

$559,000

New
24d
Duplex2-Storey

187 Erie Street, Port Colborne

Total Monthly Obligation $2,896

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
24d
Score
17
Yield
4.0%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Duplex
MLS® Number-X13841662
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-33 × 132 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Duplex
Taxes-$3,199.73 (2026)
Parking-2 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-SAM MCDADI REAL ESTATE INC.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Flex
Neighbourhood-877 - Main Street
Title-Residential Freehold

No agent assigned

Rare legal duplex up & down style - both above ground! Recently renovated main/ground level unit - soon vacant! 2 beds, 1 bath and great sized living room in the main floor unit. The ground unit has a nice front porch. The upper unit is accessed separately from the stairs at the back and has 1 bed, 1 bath and also has plenty of living space upstairs. Laundry is shared and has a separate entrance for the upper unit and access from a door for the ground unit to go in direct from the unit. 2 Car driveway. Great sized back yard, plenty of green space to enjoy.

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

Closing Costs

Mortgage Amount
$447,200
Land Transfer Taxes$7,655
Legal Fees (Est.)
$
Total cash required for closing$120,955

Total Monthly Obligation

$2,896/mo
Mortgage $2,255
Monthly Loss $2,303
Principal$593
Interest$1,661
Property Tax$267
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.3%0
5-Year IRR
6.0%14
10-Year IRR
7.5%
Returns Index
8.4/ 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
$22,200/yr
NOI
$12,280/yr
Net Cash Flow
-$1,231/mo
Cash Margin
-66.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
26.4/ 100

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

Comparables

Properties near 187 Erie Street

Time

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Data last updated within the past 24 hours.