10 First Avenue, Port Colborne

$534,500
10 First Avenue

$534,500

New
8d
DetachedBungalow-Raised

10 First Avenue, Port Colborne

Total Monthly Obligation $2,822

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
8d
Score
17
Yield
3.8%
Cash on Cash
-8.4%
Cap Rate
2.8%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Detached
MLS® Number-X14089112
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-60 × 125 ft
Listed on site-Oct 15, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-51-99
Taxes-$3,486 (2026)
Parking-2 - None
Basement-Full, Development Potential, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-IMM
Neighbourhood-877 - Main Street
Title-Residential Freehold

No agent assigned

Picturesque Port Colborne is an easy place to call home - 3 bedroom raised Brick Bungalow with Endless Potential! If you appreciate uncompromising quality, incredible curb appeal and future financial income, book this viewing first. Move right in, enjoy the new renovations, beautifully updated full bathroom, modern flooring, professional paint in contemporary pallet This neighbourhood features an excellent high walking score, no need for a car. Built in an era when homes were constructed with strong bones, large wood beams and a rock-solid foundation. Enjoy your home from day one under 10yr old roof, Lennox furnace, HVAC Rheem 2013 owned water heater. Newer windows, brand new back door. Parking 4 vehicles, well-maintained asphalt driveway-perfect park the RV right here! Lower Level potential High-Yield Income or spacious In-Law suite. Massive bonus, partially finished basement with large, versatile rooms ready for your decorating designs. Enjoy newer Maytag washer/dryer. Substantial 1960s large Lot Size: Pitch the party tent. Unlike modern subdivisions, this property offers a generous lot size with endless possibilities. The front yard features a gardener's dream, ready-to-use garden boxes. Plant your favorite herbs, vegetables and harvest the freshest farm-to-table food right at home. The expansive side and back yards offer more than enough room to construct your dream detached garage or a luxury pool oasis. Very quiet location, perfect for growing families, plenty of schools or senior living, plenty of waterfront parks nearby. Built to Last a Lifetime. Protect your hard-earned investment by buying a home with true structural integrity. Book this viewing first, no disappointments here. Gaze upon the wood beams in this basement constructed from an era when Canadian craftsman quality was the ultimate priority.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$427,600
Land Transfer Taxes$7,165
Legal Fees (Est.)
$
Total cash required for closing$115,565

Total Monthly Obligation

$2,822/mo
Mortgage $2,156
Monthly Loss $2,254
Principal$567
Interest$1,589
Property Tax$291
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%12
Cash-on-Cash
-13.5%0
5-Year IRR
5.1%11
10-Year IRR
6.9%
Returns Index
6.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$20,400/yr
NOI
$10,374/yr
Net Cash Flow
-$1,292/mo
Cash Margin
-76.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
26.7/ 100

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

Comparables

Properties near 10 First Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.