128 Cook Avenue, Fort Erie

$523,900
128 Cook Avenue

$523,900

Price Change
21d
DetachedBungalow

128 Cook Avenue, Fort Erie

Total Monthly Obligation $2,773

HausQ Valuation Report
Beds
3
Baths
2
Park
6
Sqft
700-1100
DOM
21d
Score
20
Yield
5.1%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13857522
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-125 × 80 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,419 (2025)
Parking-7 - Attached
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-RORE REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding, Other
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

This thoughtfully upgraded 3-bedroom, 2-bathroom home is located on a 125ft x 80ft corner lot and positioned in a desirable community. The inviting interior offers a bright and functional layout. The open concept living room, kitchen and dining area is spacious yet cozy and inviting. Enjoy a roomy primary bedroom complete with an ensuite and two closets. Across the hall from the primary you will find the two additional bedrooms and the other bathroom. The attached garage has access into the home so no need to park outside on those cold winter days! The extra-wide driveway offers ample parking and suitable for a variety of needs. The large deck is a great area to host friends and family and the front porch is the ideal spot to sip on your morning coffee! This home has been lovingly maintained and has had a number of upgrades over the last few years such as the furnace, air conditioning, electrical panel, hot water on demand, generlink, new flooring (kitchen, living room, dining room and laundry room)! Come live in this desirable community and see what Ridgeway is all about; a close community with amazing local amenities, beautiful beaches, local senior clubs, fabulous restaurants and excellent schools. What more could you want!

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Closing Costs

Mortgage Amount
$419,120
Land Transfer Taxes$6,953
Legal Fees (Est.)
$
Total cash required for closing$113,233

Total Monthly Obligation

$2,773/mo
Mortgage $2,113
Monthly Loss $2,217
Principal$556
Interest$1,557
Property Tax$285
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$26,592/yr
NOI
$16,014/yr
Net Cash Flow
-$779/mo
Cash Margin
-35.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
28.4/ 100

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

Comparables

Properties near 128 Cook 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.