244 North Street, Fort Erie

$482,000
244 North Street

$482,000

New
21d
Detached2-Storey

244 North Street, Fort Erie

Total Monthly Obligation $2,580

Beds
4
Baths
1
Park
3
Sqft
1500-2000
DOM
21d
Score
22
Yield
5.8%
Cash on Cash
0.6%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
15.0%
Property Type-Detached
MLS® Number-X13854180
Beds-4
Bathrooms-1
Size-1500-2000 sqft
Lot Size-40 × 160.14 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,125 (2025)
Parking-6 - Detached
Basement-Partial Basement, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-332 - Central
Title-Residential Freehold

No agent assigned

Much more than meets the eye. Do you have a growing family? Or perhaps just want a home that gives some elbow room. 244 North is it!! Love to entertain? No matter the season... be it the tranquil 160 ft deep backyard featuring unique foliage providing privacy, or the large patio area with pergola. If rainy there is the 10 ft x 2 5ft sunroom. When too chilly outside move into the rear family/ recreation room that leads into the spacious and bright eat in kitchen featuring lots of cabinets. Truly the heart of this home. The huge center island is perfect for cooking, baking and entertaining. Open spacious living/dining room. A perfect combination of character and comfort. Need storage?..... room for hobbies? Check out 55 ft long detached garage with a 2 pcs seasonal washroom. or perhaps in the dry basement. Upstairs you will find the 4pcs bathroom and 4 good sized bedrooms. 2 of the bedrooms have walk in closets! Well maintain. Furnace 5yrs., many newer windows and updated bath. This lovely home is located in a quite friendly neighbourhood minutes to the Niagara River, Recreation trails, parks, restaurants, shopping and the Peace Bridge.

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

Closing Costs

Mortgage Amount
$385,600
Land Transfer Taxes$6,115
Legal Fees (Est.)
$
Total cash required for closing$104,015

Total Monthly Obligation

$2,580/mo
Mortgage $1,944
Monthly Loss $2,068
Principal$512
Interest$1,433
Property Tax$260
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.4%2
5-Year IRR
11.4%46
10-Year IRR
11.7%
Returns Index
23.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$28,188/yr
NOI
$17,744/yr
Net Cash Flow
-$466/mo
Cash Margin
-19.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
31.5/ 100

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

Comparables

Properties near 244 North Street

Time

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