412 Windmill Point Road N, Fort Erie

$399,900
412 Windmill Point Road N

$399,900

New
15d
DetachedBungalow

412 Windmill Point Road N, Fort Erie

Total Monthly Obligation $2,239

HausQ Valuation Report
Beds
2
Baths
2
Park
6
Sqft
700-1100
DOM
15d
Score
26
Yield
6.9%
Cash on Cash
4.7%
Cap Rate
5.6%
5Y IRR
19.3%
10Y IRR
17.7%
Property Type-Detached
MLS® Number-X13879428
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-100 × 100 ft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,013.57 (2026)
Parking-7 - Detached
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Immediate
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

Just minutes from the beach and tucked away on a quiet street, 412 Windmill Point Road North is a beautifully updated bungalow offering easy, low-maintenance living close to the lake. With 2 bedrooms, 2 bathrooms and a bright, welcoming layout, this move-in-ready home offers comfortable living with plenty of thoughtful updates throughout. Inside, you'll find an updated kitchen with new appliances, including the washer and dryer, luxury vinyl flooring, pot lights and a fresh, modern feel. Even better, many of the big-ticket updates are already done! The roof, windows, siding, soffits and forced-air gas furnace were all updated in 2022, along with a newer 100-amp electrical panel. The septic system was replaced approximately three years ago, and the home is serviced by municipal water and natural gas. Step outside to enjoy the newer deck, completed in 2025, plus a detached single-car garage with a new garage door and opener. And the location is hard to beat, close proximity to the public beach, five minutes from Downtown Ridgeway or Downtown Fort Erie and about ten minutes from highway access. Updated, easy to maintain and close to the lake, this is a wonderful opportunity to enjoy everything this area has to offer.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,239/mo
Mortgage $1,613
Monthly Loss $1,815
Principal$424
Interest$1,189
Property Tax$251
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.3%4
5-Year IRR
14.0%64
10-Year IRR
13.8%
Returns Index
33.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$27,696/yr
NOI
$17,413/yr
Net Cash Flow
-$162/mo
Cash Margin
-7.0%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo73
Risk Index
37.0/ 100

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

Comparables

Properties near 412 Windmill Point Road N

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.