632 Steele Street, Port Colborne

$398,900
632 Steele Street

$398,900

New
9d
Detached2-Storey

632 Steele Street, Port Colborne

Total Monthly Obligation $2,193

Beds
2
Baths
1
Park
3
Sqft
700-1100
DOM
9d
Score
24
Yield
6.2%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Detached
MLS® Number-X14032670
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-30 × 100 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$2,512 (2025)
Parking-3 - Detached
Basement-Crawl Space
Heating-Baseboard (Gas)
Brokerage-YOUR HOME SOLD GUARANTEED REALTY ELITE
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-877 - Main Street
Title-Residential Freehold

No agent assigned

AWESOME DETACHED HOME WITH SEPARATE HOME GYM/OFFICE! The perfect opportunity to step intodetached home ownership at an incredible price point! This 2-storey home offers a comfortable, easy-to-manage layout with more space than it looks! From the open living space, a low-maintenance yard, and a finished detached garage that adds a whole new dimension to how the property can be enjoyed. Inside, the layout keeps everyday living practical, with the bedrooms tucked upstairs and the entire main level dedicated to the spaces you use throughout the day. One of the home's standout improvements is the beautifully renovated bathroom. Taken down to the studs and thoughtfully widened, it has been transformed into a more comfortable and functional space with a fresh, modern feel. Out back, the detached garage is much more than a place for storage. Thoughtfully finished to create usable bonus space, it's ready to adapt to whatever suits your lifestyle-a home gym, workshop, creative studio, hobby space, entertaining area, or the ultimate "man cave." It gives you flexibility that's difficult to find in many homes at this price point, while still retaining the practicality of a detached out building. The outdoor space follows the same easy-living approach. A low-maintenance yard means less time spent on upkeep, while additional storage helps keep seasonal items, tools, and everyday belongings organized and the garage open for living space. For first-time buyers, this is an opportunity to move beyond condo or shared-wall living and enjoy the independence of a detached home without taking on more house or yard than you need. For investors, the manageable footprint, spacious layout, list of major updates, and versatile garage space offer a practical property with broad usability. Comfortable, functional, and thoughtfully improved, this home brings together detached ownership, flexible bonus space, and manageable living at an unbeatable price point.

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

Closing Costs

Mortgage Amount
$319,120
Land Transfer Taxes$4,459
Legal Fees (Est.)
$
Total cash required for closing$85,739

Total Monthly Obligation

$2,193/mo
Mortgage $1,609
Monthly Loss $1,770
Principal$423
Interest$1,186
Property Tax$209
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.9%2
5-Year IRR
11.9%49
10-Year IRR
12.1%
Returns Index
25.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$24,600/yr
NOI
$15,128/yr
Net Cash Flow
-$348/mo
Cash Margin
-17.0%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo75
Risk Index
35.5/ 100

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

Comparables

Properties near 632 Steele Street

Time

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Data last updated within the past 24 hours.