203 Park Street, Fort Erie

$649,900
203 Park Street

$649,900

New
21d
Detached2-Storey

203 Park Street, Fort Erie

Total Monthly Obligation $3,495

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
21d
Score
19
Yield
5.2%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-X13856184
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-58 × 75 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$5,982.84 (2025)
Parking-5 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

Lifestyle is calling - and 203 Park St is ready to answer! Imagine stepping into a beautifully crafted, turn-key home across from Lion's fields, just steps from the charming boutiques found on Ridge Rd., & a short drive to your favourite sandy beaches. Built in 2023, this two storey gem sits on a manageable 58x75' lot and delivers nearly 1600sf of bright, modern living space with 4 bedrooms and 2.5 baths. The main floor flows effortlessly under soaring 9' ceilings where luxury vinyl plank flooring & soothing neutral tones create a seamless open concept feel. The heart of the home is the kitchen - featuring crisp white cabinetry, a generous island, & elegant quartz countertops. Adjacent is the living room accented with an electric fireplace and a door to the rear patio - perfect for morning coffee or evening nightcap. The upper level, four carpeted bedrooms await, highlighted by a spacious primary suite with a private 4pc ensuite, including a glass walk-in shower, and a walk-in closet. A full clean 4pcmain bath & a convenient 'bedroom-level- laundry room complete this level. On your way to the basement you'll find a handy 2pc powder room ,while the fully drywalled lower level offers a roughed-in bath, and a few windows to give you finishing options. Note: single attached garage(10x19), n/g forced air furnace, A/C, on demand hot water heater (rental), +++! This is head-ache free living - just the simple pleasure of deciding which part of your new lifestyle you'll enjoy first. Welcome home.

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

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,495/mo
Mortgage $2,622
Monthly Loss $2,805
Principal$690
Interest$1,932
Property Tax$499
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%30
10-Year IRR
10.0%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$33,696/yr
NOI
$19,844/yr
Net Cash Flow
-$968/mo
Cash Margin
-34.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
23.7/ 100

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

Comparables

Properties near 203 Park Street

Time

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