2329 Gilmore Road, Fort Erie

$399,000
2329 Gilmore Road

$399,000

Price Change
17d
DetachedBungalow

2329 Gilmore Road, Fort Erie

Total Monthly Obligation $2,215

HausQ Valuation Report
Beds
2
Baths
1
Park
4
Sqft
1100-1500
DOM
17d
Score
32
Yield
7.6%
Cash on Cash
8.1%
Cap Rate
6.3%
5Y IRR
22.1%
10Y IRR
20.0%
Property Type-Detached
MLS® Number-X13872060
Beds-2
Bathrooms-1
Size-1100-1500 sqft
Lot Size-100 × 165 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,764 (2025)
Parking-4 - None
Basement-None
Heating-Heat Pump (Electric)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Wood, Living Room
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-FLEXIBLE
Neighbourhood-331 - Bowen
Title-Residential Freehold

No agent assigned

Situated on a spacious lot in a tranquil and secluded setting, this two bedroom one bath home offers a country living experience. This lovely property ensures privacy and serenity, making it an ideal retreat from the hustle and bustle of urban life. There is a nice, large functional kitchen, high ceiling in the living room with a sleek wood fireplace perfect for those cooler nights. The roof was replaced in 2024 and a new cistern in 2026. The home is in need of a little cosmetic TLC but is solid and private yet still close enough to all amenities.

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

Mortgage Amount
$319,200
Land Transfer Taxes$4,460
Legal Fees (Est.)
$
Total cash required for closing$85,760

Total Monthly Obligation

$2,215/mo
Mortgage $1,609
Monthly Loss $1,791
Principal$424
Interest$1,186
Property Tax$230
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.0%38
Cash-on-Cash
0.9%9
5-Year IRR
16.5%79
10-Year IRR
15.8%
Returns Index
43.0/ 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
$30,372/yr
NOI
$20,071/yr
Net Cash Flow
$63/mo
Cash Margin
2.5%8
Cash Flow Index
7.6/ 100
Risk Profile
Weight: 20%
DSCR
1.0430
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo73
Risk Index
40.6/ 100

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

Comparables

Properties near 2329 Gilmore Road

Time

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