17 Goderich Street, Fort Erie

$479,000
17 Goderich Street

$479,000

New
22d
Detached1 1/2 Storey

17 Goderich Street, Fort Erie

Total Monthly Obligation $2,554

Beds
4
Baths
2
Park
2
Sqft
2000-2500
DOM
22d
Score
26
Yield
6.7%
Cash on Cash
4.5%
Cap Rate
5.5%
5Y IRR
19.2%
10Y IRR
17.6%
Property Type-Detached
MLS® Number-X13848514
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-53 × 112 ft
Listed on site-Oct 1, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$2,964.2 (2025)
Parking-3 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/MIRACLE REALTY LTD
Cooling-None
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-West
Exterior-Vinyl Siding, Stone
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-ASAP
Neighbourhood-332 - Central
Title-Residential Freehold

No agent assigned

Incredible Value - *** 4 LOTS SOLD TOGETHER *** Home PLUS 3 Severed Building Lots All Included in One Price - What a Steal!Discover an outstanding opportunity with this unique property that includes a spacious family home plus three separate severed building lots, all included in the purchase price: Lot 14, north side of John Street, Plan 503, Village of Fort Erie (PIN 642220183) - 51.48 x 106.26 ft ---- Lot 13, north side of John Street, Plan 503, Village of Fort Erie (PIN 642220186) - 51.48 x 106.26 ft ---- Lot 16, east side of Goderich Street, Plan 503, Village of Fort Erie - approx. (PIN 642220185) 3,465 sq. ft., 0.08 acres, 56.03 ft frontageThat's four properties for the price of one - a rare chance to secure land banking, future development, or investment potential alongside a move-in-ready home.The home itself features 5 bedrooms and 2 bathrooms, plus an unfinished basement offering potential for 2 additional bedrooms and a rough-in for a third bathroom - endless possibilities to customize the space to your needs. Recent upgrades include new kitchen cabinetry on the main floor, new vinyl flooring throughout, a 1-year-old furnace, new staircases, fresh paint, stainless steel appliances, and new lighting throughout, while a cozy wood-burning stove with new surrounding tile adds warmth and character.The upper-level one-bedroom suite - complete with its own rough-in kitchen, bathroom, and living room - is ideal for rental income, an in-law suite, or multi-generational living.With a single-car garage, generous living space, and three additional severed building lots included, this property is perfect for families, investors, or anyone looking for future development potential. A rare opportunity offering flexibility, income potential, and exceptional value - all in one package.

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

Closing Costs

Mortgage Amount
$383,200
Land Transfer Taxes$6,055
Legal Fees (Est.)
$
Total cash required for closing$103,355

Total Monthly Obligation

$2,554/mo
Mortgage $1,932
Monthly Loss $2,046
Principal$508
Interest$1,424
Property Tax$247
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.8%5
5-Year IRR
14.3%66
10-Year IRR
14.0%
Returns Index
34.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$32,004/yr
NOI
$21,339/yr
Net Cash Flow
-$154/mo
Cash Margin
-5.8%2
Cash Flow Index
1.5/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
34.5/ 100

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

Comparables

Properties near 17 Goderich Street

Time

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Data last updated within the past 24 hours.