344 Phipps Street, Fort Erie

$424,900
344 Phipps Street

$424,900

Price Change
5d
Detached2-Storey

344 Phipps Street, Fort Erie

Total Monthly Obligation $2,294

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
5d
Score
25
Yield
6.5%
Cash on Cash
3.6%
Cap Rate
5.4%
5Y IRR
18.4%
10Y IRR
17.0%
Property Type-Detached
MLS® Number-X14091738
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-33 × 150 ft
Listed on site-Oct 18, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,455 (2025)
Parking-4 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-The Agency
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-332 - Central
Title-Residential Freehold

No agent assigned

FULLY FURNISHED!!! This charming two-storey home offers a wonderful combination of character, comfort, and exceptional outdoor living, situated on a generous 33.08 x 150.38 ft lot. Featuring bright, inviting living spaces, attractive flooring, tasteful finishes, and a beautifully appointed bathroom complete with a classic clawfoot bathtub, this home offers warmth and charm throughout. The true showstopper is the spectacular backyard oasis, meticulously landscaped with lush gardens, colourful perennials, mature trees, ornamental grasses, and beautifully maintained green space. Designed for entertaining and relaxation, the backyard features a spacious covered deck with a pergola-style roof and ambient lighting, a separate gazebo overlooking an expansive stamped concrete patio, a decorative water feature, and multiple outdoor seating areas. Beautifully finished walkways connect the outdoor spaces, while two large storage sheds provide excellent additional storage. The fully fenced backyard offers privacy and plenty of room to enjoy the outdoors. A welcoming covered front porch, attractive curb appeal, and paved driveway complete this impressive property. Conveniently located near schools, parks, shopping, restaurants, the Niagara River, and everyday amenities. A truly special property offering an incredible outdoor lifestyle and a backyard that must be seen to be appreciated!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$339,920
Land Transfer Taxes$4,973
Legal Fees (Est.)
$
Total cash required for closing$91,453

Total Monthly Obligation

$2,294/mo
Mortgage $1,714
Monthly Loss $1,842
Principal$451
Interest$1,263
Property Tax$205
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.0%4
5-Year IRR
13.3%60
10-Year IRR
13.3%
Returns Index
31.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$27,528/yr
NOI
$17,820/yr
Net Cash Flow
-$229/mo
Cash Margin
-10.0%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
35.8/ 100

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

Comparables

Properties near 344 Phipps Street

Time

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