7979 Oakridge Drive, Niagara Falls

$869,900
7979 Oakridge Drive

$869,900

New
21d
DetachedBacksplit 4

7979 Oakridge Drive, Niagara Falls

Total Monthly Obligation $4,336

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
21d
Score
16
Yield
3.7%
Cash on Cash
-8.4%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.4%
Property Type-Detached
MLS® Number-X13856656
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-58.07 × 130.08 ft
Listed on site-Oct 2, 2026
Style-Backsplit 4
Building Type-Detached
Age-31-50
Taxes-$5,420 (2025)
Parking-6 - Attached
Basement-Finished with Walk-Out, Full, Finished, Separate Entrance, Walk-Out
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Fireplace Insert, Rec Room, Electric
Pool-Inground
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-208 - Mt. Carmel
Title-Residential Freehold

No agent assigned

Mount Carmel continues to draw buyers for good reason, and this well-built 3-bedroom split-level home offers plenty to enjoy, both inside and out. This desirable Niagara Falls neighbourhood known for its comfortable residential setting, convenient location and established surroundings, appeals to families, first-time buyers and those looking to settle into the next chapter. This is a wonderful opportunity to be part of it.Inside, the home has a warm, traditional feel with rich finishes, a generous amount windows, natural light and comfortable living spaces. Engineered hardwood flows through the upper two levels, while the completely finished lower level features a recreation room with gas fireplace and walk-out to the backyard. The primary bedroom offers a relaxing retreat with a custom-made bed, electric fireplace and mounted TV. Thoughtfully updated and well cared for, the home features two fully renovated bathrooms and most windows replaced in 2018, a new A/C in 2026 and approximately half the home freshly painted this year. Professional landscaping was also completed this year, and the pool liner was replaced approximately five years ago.The large backyard is ideal for summer enjoyment, with an inground pool, plenty of lawn for pets or play, and a large stamped concrete patio with plenty of room for BBQs and entertaining. With its many updates, finished living space, spacious double garage and exceptional backyard, this home offers comfort, flexibility and plenty of ways to enjoy it. Combined with the appeal of Mount Carmel, it's an opportunity to enjoy not only a great home, but a neighbourhood people continue to appreciate.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$695,920
Land Transfer Taxes$13,873
Legal Fees (Est.)
$
Total cash required for closing$189,353

Total Monthly Obligation

$4,336/mo
Mortgage $3,509
Monthly Loss $3,412
Principal$923
Interest$2,586
Property Tax$452
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
5.9%14
10-Year IRR
7.4%
Returns Index
8.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$18,884/yr
Net Cash Flow
-$1,935/mo
Cash Margin
-72.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.1/ 100

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

Comparables

Properties near 7979 Oakridge Drive

Time

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