423 Read Road, Niagara-on-the-Lake

$665,000
423 Read Road

$665,000

Price Change
51d
Detached1 1/2 Storey

423 Read Road, Niagara-on-the-Lake

Total Monthly Obligation $3,399

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
51d
Score
22
Yield
5.8%
Cash on Cash
0.7%
Cap Rate
4.7%
5Y IRR
16.2%
10Y IRR
15.1%
Property Type-Detached
MLS® Number-X13740930
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-60 × 150 ft
Listed on site-Sep 2, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$4,095 (2026)
Parking-4 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX GARDEN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-102 - Lakeshore
Title-Residential Freehold

No agent assigned

Country Tranquility Meets City Convenience. Discover the perfect blend of peaceful country living and everyday convenience in east St. Catharines. Nestled among picturesque peach orchards and vineyards, this charming 3-bedroom home offers a welcoming setting for families, entertaining, and enjoying the outdoors. The bright and spacious main floor features an inviting kitchen and dining area with beautiful views and a walkout to the backyard. A generously sized living room, complete with a cozy corner gas fireplace and hearth, creates an open and comfortable gathering space. A main-floor bedroom provides added flexibility, while a versatile den or small bedroom offers even more options for a home office, guest space, or additional sleeping area. Upstairs, you'll find two large bedrooms and a second full bathroom, providing plenty of room for family and guests. A convenient side entrance leads into a practical mudroom, perfect for keeping everyday life organized. The finished lower level adds valuable living and hobby space with a large family room featuring another corner fireplace, along with a workshop and laundry room. Step outside and enjoy the tranquil surroundings from the rear deck, which overlooks the expansive lot and neighbouring orchard. A handy storage shed with an attached dog run provides a dedicated outdoor space for your four-legged family member. With ample parking for numerous vehicles, there's plenty of room to welcome family and friends for game nights, gatherings, and summer entertaining. A wonderful opportunity to enjoy the best of both worlds - serene country surroundings just minutes from the conveniences of St. Catharines. Come take a look, and make this Your Niagara Home.

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

Closing Costs

Mortgage Amount
$532,000
Land Transfer Taxes$9,775
Legal Fees (Est.)
$
Total cash required for closing$144,275

Total Monthly Obligation

$3,399/mo
Mortgage $2,682
Monthly Loss $2,693
Principal$706
Interest$1,977
Property Tax$341
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$38,280/yr
NOI
$25,857/yr
Net Cash Flow
-$528/mo
Cash Margin
-16.5%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
26.3/ 100

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

Comparables

Properties near 423 Read Road

Time

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