8 Clarence Street, Niagara-on-the-Lake

$799,000
8 Clarence Street

$799,000

New
21d
DetachedBungalow

8 Clarence Street, Niagara-on-the-Lake

Total Monthly Obligation $4,017

Beds
2
Baths
3
Park
3
Sqft
1100-1500
DOM
21d
Score
17
Yield
4.1%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.4%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-X13854096
Beds-2
Bathrooms-3
Size-1100-1500 sqft
Lot Size-80 × 120 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,022.92 (2026)
Parking-3 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-NIAGARA-ON-THE-LAKE REALTY (1994) LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-106 - Queenston
Title-Residential Freehold

No agent assigned

This charming bungalow is nestled on a quiet street in the tranquil village of Queenston surrounded by nature and history. From the front of the home there are breathtaking views across open green space to the Niagara escarpment and the historic McKenzie Printery. This bright and cozy home offers a perfect blend of peace and comfort. Pulling into the driveway one is immediately aware of the ambience of a natural "wilderness" created by the owner to set the tone for the serene aura which surrounds the house. The large expanse of windows in the light filled front sitting room brings the outside in. This room leads to a living and dining area with access to a deck overlooking serene and beautifully planted gardens showcasing a Wisteria vine which overhangs the lower outside sitting area in majestic fashion. The bright kitchen overlooks the gardens and is provided with plenty of counter and cupboard space. Enjoy the winter months by the gas stove in the additional living space that was previously enjoyed as an artists studio. A bonus is the proximity to shopping, the Niagara River, the scenic Niagara Parkway, Bruce Trail, historic Queenston Heights Park and restaurant, wineries, golf courses and the few minutes drive to Niagara on the Lake renowned as one of the most beautiful towns in Canada. Access to the QEW is easy making the location a convenient weekend getaway or year round home.

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

Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,017/mo
Mortgage $3,223
Monthly Loss $3,168
Principal$848
Interest$2,375
Property Tax$419
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.1%18
10-Year IRR
8.3%
Returns Index
10.6/ 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
$32,760/yr
NOI
$19,961/yr
Net Cash Flow
-$1,560/mo
Cash Margin
-57.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.6/ 100

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

Comparables

Properties near 8 Clarence Street

Time

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