354 Elmwood Avenue, Fort Erie

$325,000
354 Elmwood Avenue

$325,000

New
8d
DetachedBungalow

354 Elmwood Avenue, Fort Erie

Total Monthly Obligation $1,866

HausQ Valuation Report
Beds
1
Baths
1
Park
2
Sqft
700-1100
DOM
8d
Score
27
Yield
7.1%
Cash on Cash
5.4%
Cap Rate
5.8%
5Y IRR
19.9%
10Y IRR
18.2%
Property Type-Detached
MLS® Number-X14084348
Beds-1
Bathrooms-1
Size-700-1100 sqft
Lot Size-35 × 80 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,164.05 (2025)
Parking-2 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS REFERRED URBAN REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-immediate
Neighbourhood-337 - Crystal Beach
Title-Residential Freehold

No agent assigned

Location, location, location...This wonderful one bedroom bungalow is only steps from the beach and just around the corner from yummy eateries and fun nightlife. Located in the heart of Crystal Beach, move in ready and affordable this cute and cozy fully winterized house would make a great starter, retiree or summer cottage. Large sun lit living room, king sized bedroom and eat in kitchen offers no fuss living. Updates include, brand new 2 in 1 washer and dryer, seamless non-slip vinyl flooring, furnace replaced 2021, spray foamed crawl space and updated electrical. Fully fenced back oasis with 2 storage sheds. The larger out building could be easily converted into an enjoyable summer hang out area. Crystal Beach is fast becoming a go to destination with quaint shops, trendy restaurants, boat launch, waterfront parks, close to downtown historic Ridgeway, beautiful white sand beach and is a short drive to Fort Erie, Niagara Falls, Buffalo and the QEW. Immediate possession is available.

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

Closing Costs

Mortgage Amount
$260,000
Land Transfer Taxes$3,350
Legal Fees (Est.)
$
Total cash required for closing$69,850

Total Monthly Obligation

$1,866/mo
Mortgage $1,311
Monthly Loss $1,521
Principal$345
Interest$966
Property Tax$180
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.4%4
5-Year IRR
13.9%64
10-Year IRR
13.8%
Returns Index
33.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$23,052/yr
NOI
$14,083/yr
Net Cash Flow
-$137/mo
Cash Margin
-7.2%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.9019
LTV Ratio
80.0%18
Vacancy Buffer
5.1 mo84
Risk Index
40.7/ 100

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

Comparables

Properties near 354 Elmwood Avenue

Time

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