8646 Willoughby Drive 2, Niagara Falls

$288,800
8646 Willoughby Drive 2

$288,800

New
21d
Condo Townhouse2-Storey

8646 Willoughby Drive 2, Niagara Falls

Total Monthly Obligation $1,963

Beds
2
Baths
1
Park
1
Sqft
1000-1199
DOM
21d
Score
32
Yield
9.2%
Cash on Cash
7.8%
Cap Rate
6.3%
5Y IRR
21.8%
10Y IRR
19.8%
Property Type-Condo Townhouse
MLS® Number-X13863196
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$1,591.49 (2026)
Maintenance-$465.84/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding
Foundation-Concrete
Possession-Immediate
Neighbourhood-223 - Chippawa
Title-Residential Condo & Other

No agent assigned

Charming, sun-drenched, and full of warmth, this delightful 2-bedroom Chippawa condo is the perfect place to begin your next chapter. Whether you are stepping into homeownership for the very first time or gently transitioning into a simpler, more relaxed lifestyle as an empty nester, this home wraps you in comfort the moment you walk through the door.The thoughtful, easy-care layout features two bright bedrooms, offering the ideal amount of space for a peaceful primary retreat plus room for guests, a hobby space, or a quiet home office. Cherished memories are waiting to be made in the inviting living area, while the serene and historic neighbourhood of Chippawa invites you to slow down and enjoy life's simpler pleasures. A Private Patio is backing on common green space, all Exterior Maintenance, Property Insurance, Water, Parking and Storage Locker is included in the modest maint fees so very easy on any budjet. Located just 5 minutes drive to the brink of Niagara Falls itself and just moments from scenic waterfront walking trails, local shops, and tranquil parks, this sweet property proves that you don't need a massive footprint to live a beautiful, deeply fulfilling life. Welcome home! Note: Plumbing Services, Roads and Curbs, Walkways and Landscape are all being re-constructed NEW and sure to increase demand and improve values in this immediate Neighbourhood. Buy at todays price and close after all the dust settles! a Smart First Time Buy, an Affordable and Maintenance Free Down Sizer, a Profitable Investment with lots of upside potential! Make your Offer today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$231,040
Land Transfer Taxes$2,807
Legal Fees (Est.)
$
Total cash required for closing$62,067

Total Monthly Obligation

$1,963/mo
Mortgage $1,165
Monthly Loss $1,657
Principal$307
Interest$858
Property Tax$133
Condo Fees$466
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.0%38
Cash-on-Cash
0.7%9
5-Year IRR
16.5%80
10-Year IRR
16.1%
Returns Index
42.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
32/ 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
$26,652/yr
NOI
$14,405/yr
Net Cash Flow
$35/mo
Cash Margin
1.6%6
Cash Flow Index
6.4/ 100
Risk Profile
Weight: 20%
DSCR
1.0329
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
42.9/ 100

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

Comparables

Properties near 8646 Willoughby Drive 2

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.