340 Prospect Point Road N 18, Fort Erie

$499,800
340 Prospect Point Road N 18

$499,800

New
16d
Condo Townhouse2-Storey

340 Prospect Point Road N 18, Fort Erie

Total Monthly Obligation $2,798

Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
16d
Score
20
Yield
5.5%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.4%
Property Type-Condo Townhouse
MLS® Number-X13875982
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$4,820 (2026)
Maintenance-$180/mo
Locker-None
Parking-2 - Attached
Basement-Walk-Out, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Possession-Immediate
Neighbourhood-335 - Ridgeway
Title-Residential Condo & Other

No agent assigned

Redesigned, Redecorated and Repainted! Move-in ready including most appliances! Welcome to this beautifully designed 3-bedroom, 2.5-bathroom condo townhome, where modern style, thoughtful updates, and an exceptional location come together seamlessly. At the heart of the home is a beautifully designed kitchen, offering a fresh, modern feel and an inviting space that flows effortlessly into the bright, open-concept great room. With plenty of natural light and a spacious layout, the main floor is ideal for both everyday living and entertaining. Upstairs, you'll find three comfortable bedrooms along with the convenience of second-floor laundry, perfectly located near the bedrooms to make everyday routines simple and efficient. The walk-out basement provides excellent potential for additional living space, a home office, gym, or recreation room. Step outside and enjoy one of the home's standout features-a fully covered back patio, creating a comfortable outdoor living space that can be enjoyed in a variety of weather conditions. With no rear neighbours, you'll also enjoy added privacy and peaceful views of the surrounding greenery. Ideally located within walking distance of charming Downtown Ridgeway, you're just moments from local shops, restaurants, cafés, and community events. Outdoor enthusiasts will appreciate being steps from the Friendship Trail, perfect for walking, cycling, and enjoying the beauty of the area. Combining a redesigned kitchen, upstairs laundry, fully covered backyard patio, walk-out basement, and private natural backdrop, this home offers the perfect blend of comfort, style, and low-maintenance living in one of Ridgeway's most desirable locations. Move in, relax, and enjoy everything this exceptional home and community have to offer.

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

Closing Costs

Mortgage Amount
$399,840
Land Transfer Taxes$6,471
Legal Fees (Est.)
$
Total cash required for closing$107,931

Total Monthly Obligation

$2,798/mo
Mortgage $2,016
Monthly Loss $2,267
Principal$531
Interest$1,486
Property Tax$402
Condo Fees$180
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.2%30
10-Year IRR
10.1%
Returns Index
16.3/ 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
$27,480/yr
NOI
$15,352/yr
Net Cash Flow
-$737/mo
Cash Margin
-32.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
28.2/ 100

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

Comparables

Properties near 340 Prospect Point Road N 18

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.