3 Luther Avenue, Niagara-on-the-Lake

$1,100,000
3 Luther Avenue

$1,100,000

New
22d
Detached2-Storey

3 Luther Avenue, Niagara-on-the-Lake

Total Monthly Obligation $5,284

Beds
2
Baths
3
Park
2
Sqft
1500-2000
DOM
22d
Score
16
Yield
4.0%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X13847392
Beds-2
Bathrooms-3
Size-1500-2000 sqft
Lot Size-50 × 46.91 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,666 (2026)
Parking-2 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Board & Batten
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-101 - Town
Title-Residential Freehold

No agent assigned

Tucked away in one of Niagara-on-the-Lake's most desirable locations, 3 Luther Avenue offers easy, low-maintenance living just steps from the waterfront and a short stroll to the shops, restaurants and charm of Old Town. This beautifully maintained 2-storey home features 2 spacious bedrooms and 2.5 bathrooms, with hardwood flooring throughout both levels. The bright main floor features an open-concept layout, gas fireplace, powder room and a generous kitchen with granite countertops and custom white cabinetry. Upstairs, both bedrooms feature vaulted ceilings, along with a 4-piece bathroom and an additional 3-piece bathroom. The finished basement provides plenty of extra space for entertaining, hosting family and friends, or simply spreading out. Out front, the welcoming porch is a perfect spot for morning coffee, while the private side yard adds another comfortable outdoor space. With a low-maintenance yard and an exceptional location, this home is well suited for year-round living, a Niagara getaway or retirement in the heart of Niagara-on-the-Lake.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$880,000
Land Transfer Taxes$18,475
Legal Fees (Est.)
$
Total cash required for closing$239,975

Total Monthly Obligation

$5,284/mo
Mortgage $4,437
Monthly Loss $4,117
Principal$1,168
Interest$3,269
Property Tax$472
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.7%21
10-Year IRR
8.8%
Returns Index
12.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$44,100/yr
NOI
$29,524/yr
Net Cash Flow
-$1,977/mo
Cash Margin
-53.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
17.4/ 100

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

Comparables

Properties near 3 Luther Avenue

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.