10429 Lakeshore Road, Wainfleet

$1,499,900
10429 Lakeshore Road

$1,499,900

New
25d
Detached2-Storey

10429 Lakeshore Road, Wainfleet

Total Monthly Obligation $7,321

Beds
4
Baths
3
Park
3
Sqft
1500-2000
DOM
25d
Score
13
Yield
1.7%
Cash on Cash
-17.5%
Cap Rate
0.8%
5Y IRR
2.0%
10Y IRR
4.3%
Property Type-Detached
MLS® Number-X13837338
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-50 × 275 ft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$10,746 (2025)
Parking-3 - None
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-60
Neighbourhood-880 - Lakeshore
Title-Residential Freehold

No agent assigned

Set above Reeb's Bay, this lakefront home enjoys sweeping views of Lake Erie and a hillside setting that leads down to the sandy shoreline at Camelot Beach. The 275-foot-deep lot stretches from Lakeshore Road and right out into the water. Built in 1996, this property includes an approx. 1,819 sq. ft., 3 bedroom, 1.5 bath home and a detached carriage house with a self-contained one-bedroom apartment. Stone walls and tiered gardens on the north side line the walkways and stairs to the house, with hydrangeas, perennials and beautiful tall trees. The gradual-slope driveway leads from Lakeshore Road to a hillside carriage house. Its first level has a large storage room with double garage doors; above, the 1 bedroom apartment has an eat-in kitchen, living room, three-piece bathroom and large south-facing deck. A covered deck protects the entrance to the main floor. On this level the kitchen, dining area and breakfast space take in the lake views and garden doors open to an expansive south-facing deck. The the living room also opens to this deck and has soaring two-storey ceilings with tall windows offering up panoramic lake views. The upstairs hallway overlooks the living room and leads to two bedrooms and main bathroom. The third bedroom is in the ground-level basement that has a direct walkout to the yard & stairs to the Lake.On the lake side, partway down the hillside, a large patio offers a place to pause on the way to the water's edge and the beachside gazebo with concrete stairs to the beach. The shoreline along Camelot beach is beautifully sandy and the lake has a shallow, soft-bottom entry. Located just west of Port Colborne and minutes from its downtown amenities.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,199,920
Land Transfer Taxes$26,473
Legal Fees (Est.)
$
Total cash required for closing$327,953

Total Monthly Obligation

$7,321/mo
Mortgage $6,050
Monthly Loss $5,729
Principal$1,592
Interest$4,458
Property Tax$896
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
0.5%6
Cash-on-Cash
-20.2%0
5-Year IRR
-0.1%3
10-Year IRR
3.0%
Returns Index
2.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$25,200/yr
NOI
$7,434/yr
Net Cash Flow
-$5,431/mo
Cash Margin
-258.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.101
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
13.4/ 100

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

Comparables

Properties near 10429 Lakeshore Road

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