163 Champlain Drive, Fort Erie

$659,900
163 Champlain Drive

$659,900

New
15d
Detached2-Storey

163 Champlain Drive, Fort Erie

Total Monthly Obligation $3,337

Beds
4
Baths
4
Park
3
Sqft
1500-2000
DOM
15d
Score
17
Yield
4.2%
Cash on Cash
-6.2%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Detached
MLS® Number-X13876092
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-55.74 × 180 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$3,601 (2025)
Parking-4 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Above Ground
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-332 - Central
Title-Residential Freehold

No agent assigned

Set on a generous 55' x 180' lot in a desirable neighbourhood, this spacious 2-storey family home offers a comfortable layout with plenty of room for everyday living. Boasting 4 bedrooms, including a primary suite with its own ensuite bathroom, and 4 bathrooms in total, there's plenty of space to accommodate a growing family.A large front porch adds to the home's welcoming curb appeal and provides a great spot to sit and enjoy the outdoors. The single-car garage offers added convenience, while the recently poured concrete pad in the rear yard creates additional space for outdoor entertaining or future projects.Inside, the beautifully updated modern kitchen is finished with floor-to-ceiling cabinetry, a large quartz island with an undermount sink, and sleek stainless steel appliances, including a built-in microwave. Updated lighting throughout, including pot lights, keeps the home bright and inviting. A spacious laundry and mudroom add valuable functionality to the main living space.Downstairs, the recently finished basement extends the living space with a recreation room and additional bathroom, offering a comfortable area for family activities, guests or extra living needs. Major updates completed within the last 9 years include new windows, roof, concrete driveway, flooring and LED lighting.With its generous lot, thoughtful updates and flexible living space, this home offers a great combination of comfort, functionality and move-in-ready convenience.

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

Closing Costs

Mortgage Amount
$527,920
Land Transfer Taxes$9,673
Legal Fees (Est.)
$
Total cash required for closing$143,153

Total Monthly Obligation

$3,337/mo
Mortgage $2,662
Monthly Loss $2,636
Principal$700
Interest$1,961
Property Tax$300
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.1%19
10-Year IRR
8.4%
Returns Index
10.7/ 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
$27,432/yr
NOI
$16,588/yr
Net Cash Flow
-$1,280/mo
Cash Margin
-56.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
23.8/ 100

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

Comparables

Properties near 163 Champlain Drive

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.