1258 Phillips Street, Fort Erie

$595,000
1258 Phillips Street

$595,000

New
18d
DetachedBungalow

1258 Phillips Street, Fort Erie

Total Monthly Obligation $3,033

Beds
2
Baths
2
Park
3
Sqft
1500-2000
DOM
18d
Score
20
Yield
5.0%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X13863606
Beds-2
Bathrooms-2
Size-1500-2000 sqft
Lot Size-165 × 120 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,091 (2025)
Parking-4 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-immediate
Neighbourhood-334 - Crescent Park
Title-Residential Freehold

No agent assigned

Buildable Lot attached!!! Looking for a low maintenance one level home? Check out this meticulously maintained sprawling bungalow. With 2 bedrooms and 1.5 baths, this gem is perfect for anyone looking for comfort and convenience. Nestled on a beautiful large corner lot with an attached single garage and a concrete drive, making it a breeze to come and go.The layout of the home is fantastic, featuring not one but two spacious living rooms-ideal for entertaining friends or simply enjoying a cozy night in. A huge bonus to this property is it comes with an extra 55-foot lot that can be severed off for development, giving you even more options. Whether you want to build or just enjoy the extra space, the choice is yours! Located close to all the amenities you could need, you'll never have to travel far for schools, shopping, or recreation. This home is move-in ready! You won't have to lift a finger-just unpack and settle into your new life. Don't miss out on this incredible opportunity to call this lovely bungalow your own!

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

Closing Costs

Mortgage Amount
$476,000
Land Transfer Taxes$8,375
Legal Fees (Est.)
$
Total cash required for closing$128,875

Total Monthly Obligation

$3,033/mo
Mortgage $2,400
Monthly Loss $2,401
Principal$632
Interest$1,768
Property Tax$258
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.1/ 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
$29,856/yr
NOI
$19,279/yr
Net Cash Flow
-$793/mo
Cash Margin
-31.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.8/ 100

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

Comparables

Properties near 1258 Phillips Street

Time

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