3 The Promenade, Niagara-on-the-Lake

$1,595,000
3 The Promenade

$1,595,000

New
14d
Detached2-Storey

3 The Promenade, Niagara-on-the-Lake

Total Monthly Obligation $7,529

Beds
4
Baths
4
Park
8
Sqft
2000-2500
DOM
14d
Score
14
Yield
2.9%
Cash on Cash
-11.0%
Cap Rate
2.2%
5Y IRR
6.9%
10Y IRR
7.9%
Property Type-Detached
MLS® Number-X13882934
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-50.09 × 153 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$8,644.83 (2026)
Parking-10 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-On Ground
Facing-East
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-101 - Town
Title-Residential Freehold

No agent assigned

Spectacular, meticulous, and beautifully reimagined, this fully renovated two-storey, four-bed, four-bathroom home sits on a premium street just steps from Old Town, offering thoughtfully designed living spaces and a private backyard BACKING onto the Heritage walking trail. The professionally redesigned main floor balances open gathering areas with inviting spaces to unwind. An expansive kitchen and family room form the heart of the home, with a nine-foot island, premium quartz, upgraded appliances, and generous cabinetry. A separate dining room connects to the kitchen, while the front living room features an open-hearth gas fireplace. Newer windows throughout the house bring in abundant natural light. Enjoy spacious bedrooms, including a primary retreat with a beautifully appointed ensuite, complemented by convenient second-floor laundry. The finished lower level adds a bedroom with an egress window and three-piece ensuite, a family room, den/flex space, and ample storage. Beyond the gated driveway, professionally landscaped grounds create a fully fenced backyard escape, with front and back irrigation. Enjoy morning coffee, dining alfresco, and relaxed gatherings. A heated shed provides a flexible retreat or extra storage. The oversized, renovated insulated double garage features its own ductless HVAC system. Enjoy peaceful surroundings close to home, with Old Town just a short stroll away. Explore boutique shops, Niagara wineries, and scenic walks, or take in the views where the Niagara River meets Lake Ontario. Shaw Festival performances, wine celebrations, and historic landmarks such as Fort George, Navy Hall, and Butler's Barracks bring culture to everyday life. With the Heritage Trail directly behind you, outdoor enjoyment is part of the setting. This turn-key entertainer's dream home offers comfort, privacy, and a wonderful connection to Niagara-on-the-Lake.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,276,000
Land Transfer Taxes$28,375
Legal Fees (Est.)
$
Total cash required for closing$348,875

Total Monthly Obligation

$7,529/mo
Mortgage $6,434
Monthly Loss $5,836
Principal$1,693
Interest$4,741
Property Tax$720
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.1%0
5-Year IRR
4.5%10
10-Year IRR
6.4%
Returns Index
6.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$46,800/yr
NOI
$28,975/yr
Net Cash Flow
-$4,019/mo
Cash Margin
-103.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
13.8/ 100

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

Comparables

Properties near 3 The Promenade

Time

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Data last updated within the past 24 hours.