6246 Glengate Street, Niagara Falls

$625,000
6246 Glengate Street

$625,000

New
15d
DetachedSidesplit 4

6246 Glengate Street, Niagara Falls

Total Monthly Obligation $3,318

Beds
3
Baths
2
Park
6
Sqft
1500-2000
DOM
15d
Score
19
Yield
5.0%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13876696
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-51 × 110 ft
Listed on site-Oct 8, 2026
Style-Sidesplit 4
Building Type-Detached
Taxes-$5,064 (2026)
Parking-6 - None
Basement-Separate Entrance, Walk-Up
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-212 - Morrison
Title-Residential Freehold

No agent assigned

What if your next home could do more than just give you a place to live? Welcome to a property that adapts to your lifestyle. Whether you're dreaming of running a business from home, accommodating multigenerational living, or exploring rental income potential, this unique sidesplit offers exceptional flexibility. Inside, you'll find over 1,800 sq ft above grade of thoughtfully designed living space. The upper level features a bright living room, three spacious bedrooms, and a 4-piece bath. The heart of the home is a beautifully updated kitchen with quartz countertops, stainless steel appliances, abundant cabinetry and pantry storage. The main level hosts a cozy family room with gas fireplace. The former garage has been professionally converted into valuable additional living space-- ideal as a home gym, studio, or games room. The lower level is where the possibilities truly shine! Previously used as a chiropractic office, it offers a separate entrance while still maintaining interior access to the main home, making it well-suited for a professional practice, home office, in-law suite, or future income-generating space. Large windows, a convenient 2-piece bath (with space to convert to a full bath), generous storage, and an adaptable layout make it easy to tailor the space to your needs. Outside, two double driveways provide parking for up to six vehicles. The yard has potential for a great entertaining area, or could be partitioned to two separate backyard spaces. Major updates include the roof, furnace and A/C, an updated kitchen and bathroom, plus a 300-amp electrical service that offers capacity for future expansion or EV charging. Located in a central Niagara Falls neighbourhood, close to schools, shopping, restaurants, transit, and everyday amenities, this is far more than a house-- it's an opportunity to create the lifestyle, business, or investment you've been searching for.

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

Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,318/mo
Mortgage $2,521
Monthly Loss $2,655
Principal$663
Interest$1,858
Property Tax$422
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.8%28
10-Year IRR
9.7%
Returns Index
15.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$31,200/yr
NOI
$18,516/yr
Net Cash Flow
-$978/mo
Cash Margin
-37.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.5/ 100

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

Comparables

Properties near 6246 Glengate Street

Time

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