196 Bernard Avenue, Fort Erie

$799,000
196 Bernard Avenue

$799,000

New
16d
DetachedBungalow

196 Bernard Avenue, Fort Erie

Total Monthly Obligation $4,100

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
16d
Score
17
Yield
4.4%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X13870334
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-72 × 107 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$6,019 (2025)
Parking-4 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-East
Exterior-Vinyl Siding, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

Located in Ridgeway's sought-after Thunder Bay neighbourhood, this beautifully finished three-year old, 3-bedroom bungalow sits on an expansive corner lot just a short walk from the shores of Lake Erie and the Friendship Trail. The bright, open-concept main living area is filled with natural light and features 9-ft ceilings and a welcoming great room anchored by a striking stone gas fireplace. The spacious kitchen offers quartz countertops, stainless steel appliances and plenty of room for everyday living and entertaining, while a convenient built-in desk area provides a dedicated spot for working from home or keeping the household organized. Sliding doors extend the living space outdoors to a covered back deck overlooking the yard and mature trees. The primary bedroom offers a relaxing retreat with a spa-like 4pc ensuite bathroom, while two additional bedrooms and a 4pc bathroom provide comfortable space for family or guests. Direct access from the garage leads into a practical mudroom and laundry area, adding everyday convenience to the main-floor layout. Downstairs, the large unfinished basement offers plenty of additional possibilities, with a bathroom rough-in and potential for an in-law setup, additional bedrooms, recreation space or home gym. Basement floorplans are available. Enjoy the relaxed Lake Erie lifestyle with the shoreline just a short walk away and the 26-km Friendship Trail nearby for walking, running and cycling. Follow the trail into historic Downtown Ridgeway to enjoy local shops, restaurants, cafés and community events, while the sandy beaches and vibrant village of Crystal Beach are only a few minutes away. Convenient access to the QEW and Peace Bridge makes Niagara Falls, the rest of Niagara and Buffalo easily accessible.

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

Closing Costs

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

Total Monthly Obligation

$4,100/mo
Mortgage $3,223
Monthly Loss $3,251
Principal$848
Interest$2,375
Property Tax$502
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.5%21
10-Year IRR
8.7%
Returns Index
11.7/ 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
$34,980/yr
NOI
$20,963/yr
Net Cash Flow
-$1,476/mo
Cash Margin
-50.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo37
Risk Index
20.4/ 100

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

Comparables

Properties near 196 Bernard Avenue

Time

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