6231 Johnson Drive, Niagara Falls

$489,900
6231 Johnson Drive

$489,900

New
45d
DetachedBungalow

6231 Johnson Drive, Niagara Falls

Total Monthly Obligation $2,646

Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
45d
Score
24
Yield
6.3%
Cash on Cash
2.4%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Detached
MLS® Number-X13754192
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 100 ft
Listed on site-Sep 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,533 (2026)
Parking-2 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Rolled
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-205 - Church's Lane
Title-Residential Freehold

No agent assigned

Welcome to this well-located 3+1 bedroom, 2 bathroom detached bungalow in the desirable North End of Niagara Falls, featuring a wheelchair ramp for easy and convenient access. Situated on a mature, tree-lined street in a family-friendly neighbourhood, this home offers a great combination of space, convenience, and potential. The location puts you close to parks, schools, walking trails, restaurants, shopping, grocery stores, pharmacies, and everyday amenities, while still offering the quiet, established feel the North End is known for. Inside, the bungalow layout provides three bedrooms on the main floor along with comfortable living space and a functional floor plan, while the lower level adds even more versatility with an additional bedroom, second bathroom, and plenty of space for a rec room, home office, gym, or extended living area. With four bedrooms in total, two bathrooms, accessible entry, and a detached-home setting in one of Niagara Falls' most established residential areas, this property offers flexibility for families, first-time buyers, downsizers, or those looking for additional basement space. A great opportunity to make a home your own while enjoying the convenience and lifestyle of Niagara Falls' sought-after North End.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$391,920
Land Transfer Taxes$6,273
Legal Fees (Est.)
$
Total cash required for closing$105,753

Total Monthly Obligation

$2,646/mo
Mortgage $1,976
Monthly Loss $2,126
Principal$520
Interest$1,456
Property Tax$294
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.7%3
5-Year IRR
12.8%56
10-Year IRR
12.8%
Returns Index
29.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$30,924/yr
NOI
$19,799/yr
Net Cash Flow
-$326/mo
Cash Margin
-12.7%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
32.0/ 100

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

Comparables

Properties near 6231 Johnson Drive

Time

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Data last updated within the past 24 hours.