245 Bowen Road, Fort Erie

$529,990
245 Bowen Road

$529,990

New
14d
DetachedBungalow

245 Bowen Road, Fort Erie

Total Monthly Obligation $2,699

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
14d
Score
23
Yield
5.7%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Detached
MLS® Number-X13883396
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-47 × 119.98 ft
Listed on site-Oct 9, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,237 (2025)
Parking-2 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Electric, Living Room
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-332 - Central
Title-Residential Freehold

No agent assigned

Beautifully renovated from top to bottom, this 2-bedroom bungalow offers an impressive list of upgrades, energy-efficient improvements and modern finishes throughout. The bright, inviting main floor features new flooring, pot lights, Energy Star-rated windows and doors, upgraded insulation and a welcoming living room with a wall-mounted Napoleon electric fireplace. The stunning kitchen is a highlight, featuring granite countertops, new Whirlpool stainless steel appliances, upgraded cabinetry and accessories, and an expansive 48" x 72" centre island with pendant lights and storage on both sides. Additional features include updated lighting, remote-controlled bedroom ceiling fans, custom roller shades and a renovated 4pc bathroom with built-in linen storage. Downstairs, the insulated and drywalled basement offers excellent potential for additional living space, with a new staircase, laundry area with a sink, new washer and dryer, and plenty of storage. Mechanical upgrades include a new high-efficiency gas furnace, central A/C, ductwork, owned on-demand water heater and water filtration system. Exterior improvements include new siding, soffit, fascia and exterior insulation, a new concrete driveway with parking for multiple vehicles, fresh grading and landscaping, updated exterior lighting and a spacious front deck. Mature trees and a partially fenced yard complete the property. Enjoy being within walking distance of the scenic Niagara River and recreational trail, along with historic Downtown Bridgeburg's shops, restaurants and services. Fort Erie's Garrison Rd commercial district, the Peace Bridge to Buffalo and QEW access toward Niagara Falls and Toronto are all just a short drive away. A beautifully refreshed home offering comfort, efficiency and convenience!

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

Mortgage Amount
$423,992
Land Transfer Taxes$7,075
Legal Fees (Est.)
$
Total cash required for closing$114,573

Total Monthly Obligation

$2,699/mo
Mortgage $2,138
Monthly Loss $2,137
Principal$563
Interest$1,575
Property Tax$186
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.7%2
5-Year IRR
11.9%49
10-Year IRR
12.1%
Returns Index
25.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$30,000/yr
NOI
$20,263/yr
Net Cash Flow
-$449/mo
Cash Margin
-18.0%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
30.9/ 100

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

Comparables

Properties near 245 Bowen Road

Time

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