118 West Street 502, Port Colborne

$499,000
118 West Street 502

$499,000

New
7d
Condo ApartmentApartment

118 West Street 502, Port Colborne

Total Monthly Obligation $3,365

Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
7d
Score
16
Yield
5.7%
Cash on Cash
-8.9%
Cap Rate
2.7%
5Y IRR
8.6%
10Y IRR
9.1%
Property Type-Condo Apartment
MLS® Number-X14088360
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$6,045.53 (2026)
Maintenance-$648.74/mo
Locker-Exclusive
Parking-2 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Brick
Possession-Flexible
Neighbourhood-878 - Sugarloaf
Title-Residential Condo & Other

No agent assigned

Welcome to modern condo living at 118 West St in Port Colborne. A hidden gem in Niagara region offering a rare opportunity to enjoy life by the water while staying just 90 minutes from the Greater Toronto area. This brand new condo is located directly on the Welland Canal, just around the corner from Lake Erie and combines modern luxury, convenience, and small town charm. This unit features two large bedrooms and two full bathrooms, in-suite laundry, modern pot lights and stylish light fixtures, a locker for extra storage, and the rare bonus of 2 parking spots. The spacious primary bedroom includes a walk-in closet that leads into a well-appointed ensuite bathroom, complete with his and hers sinks, ample cabinetry for storage, and a sleek glass door shower. In the kitchen you will find quartz countertops, subway tile backsplash, stainless steel appliances, and soft close doors and drawers. The building also offers convenient amenities including a gym, BBQ area, spa, and cafe, making it easy to relax and unwind just steps from your home. Local highlights include boutique and family run shops, a nearby hospital, Whisky Run Golf Club, Mud Lake Conservation Area, and the scenic Friendship Trail. The area also features a boat launch and beautiful Nickel Beach, ideal for summer getaways. This home in Port Colborne, known for having one of the lowest crime rates in the Niagara Region, offers a peaceful, well connected, and vibrant lifestyle by the water, perfect for those who appreciate nature, waterfront living, exploring unique small town shops, access to all the essential amenities, and great conversations with fellow neighbours because of its strong sense of community.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,365/mo
Mortgage $2,013
Monthly Loss $2,836
Principal$530
Interest$1,483
Property Tax$504
Condo Fees$649
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.7%0
5-Year IRR
5.3%12
10-Year IRR
7.2%
Returns Index
7.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$28,596/yr
NOI
$9,506/yr
Net Cash Flow
-$1,221/mo
Cash Margin
-51.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
22.9/ 100

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

Comparables

Properties near 118 West Street 502

Time

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Data last updated within the past 24 hours.