4242 Village Creek Drive, Fort Erie

$974,900
4242 Village Creek Drive

$974,900

New
16d
DetachedBungalow

4242 Village Creek Drive, Fort Erie

Total Monthly Obligation $4,836

Beds
5
Baths
3
Park
4
Sqft
1500-2000
DOM
16d
Score
16
Yield
4.1%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X13872710
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-57.58 × 107.99 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$6,346.65 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-East
Exterior-Stone, Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-328 - Stevensville
Title-Residential Freehold

No agent assigned

The HOME you have been waiting for! Welcome to 4242 Village Creek Drive, an exquisite custom-built bungalow in 2022 nestled in the highly desirable Village Creek community of Stevensville. Offering over 2,400sqft of beautifully finished living space, this 3+2 bedroom, 3 bathroom home is a seamless blend of craftsmanship, elegance and modern design. Step into a sunlit open-concept great room with soaring cathedral ceilings, enhanced by an arched ceiling detail with several pot lights, engineered hardwood flooring and sleek European tilt-and-turn windows and doors that elevate both style and functionality. The gourmet kitchen is a true focal point featuring quartz countertops, upgraded cabinetry, premium appliances and a stunning 10-foot island perfect for entertaining. The main floor boasts 9-foot ceilings throughout with a gas fireplace, floor to ceiling stone feature wall and a Douglas Fir mantle adding warmth and timeless sophistication. The luxurious primary bedroom offers a spa-inspired ensuite with upgraded toilets and walk-in closet, while the fully finished basement adds two bedrooms, a full bathroom and flexible space ideal for a home theatre, gym, office or guest suite. Retreat to the covered back patio for serene mornings or quiet evenings in a beautifully landscaped setting. A concrete driveway leading to a double-car garage provides ample storage and convenience. Set in the charming and peaceful community of Stevensville, this family-friendly neighbourhood offers close proximity to the QEW, Safari Niagara, parks, scenic trails, excellent rated schools and the amenities of nearby Niagara Falls and Fort Erie. Ideally located just minutes from the new state-of-the-art hospital currently under construction. Whether you're looking for a refined family home or a graceful downsizing opportunity, this exceptional property checks every box. Almost 4 years of TARION warranty remains. Book your showing today!

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Closing Costs

Mortgage Amount
$779,920
Land Transfer Taxes$15,973
Legal Fees (Est.)
$
Total cash required for closing$212,453

Total Monthly Obligation

$4,836/mo
Mortgage $3,932
Monthly Loss $3,802
Principal$1,035
Interest$2,898
Property Tax$529
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.9/ 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
$39,600/yr
NOI
$24,793/yr
Net Cash Flow
-$1,866/mo
Cash Margin
-56.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
18.2/ 100

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

Comparables

Properties near 4242 Village Creek Drive

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.