3693 ELM Street, Fort Erie

$799,000
3693 ELM Street

$799,000

New
15d
Semi-Detached 2-Storey

3693 ELM Street, Fort Erie

Total Monthly Obligation $3,665

HausQ Valuation Report
Beds
4
Baths
3
Park
1
Sqft
1100-1500
DOM
15d
Score
18
Yield
3.8%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.3%
Property Type-Semi-Detached
MLS® Number-X13875202
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-30 × 115.5 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Semi-Detached
Age-New
Taxes-$800 (2025)
Parking-2 - Attached
Basement-Separate Entrance, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX GARDEN CITY REALTY INC, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Board & Batten , Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Spring 2027
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

Construction has started, Hurry and Buy Now so homes right in the heart of Downtown Ridgeway. --- Discover the charm of Downtown Ridgeway with a brand-new semi-detached home with Legal bachleor Apartment to be constructed in the heart of this picturesque community. Nestled in Fort Erie, Ridgeway offers a walkable neighbourhood filled with boutique shops, cozy bistros, and delightful restaurants all just a few blocks from the beach and the Buffalo border. This uniquely designed semidetached unit features 3 spacious bedrooms, including a master suite with an ensuite bathroom and a walk-in closet. Enjoy an open-concept living area and kitchen adorned with high-end finishes. The home also includes a full basement, with a 1-bedroom bachelor Legal apartment with a separate entrance for an additional cost a great option for those who may want to rent the space out, providing extra income or a comfortable area for guests. Personalize your new home with custom finishes and create a space that's perfectly suited to every stage of your life.

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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

$3,665/mo
Mortgage $3,223
Monthly Loss $2,816
Principal$848
Interest$2,375
Property Tax$67
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$30,600/yr
NOI
$22,240/yr
Net Cash Flow
-$1,370/mo
Cash Margin
-53.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
22.4/ 100

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

Comparables

Properties near 3693 ELM Street

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.