6403 Locus Avenue, Niagara Falls

$455,000
6403 Locus Avenue

$455,000

New
8d
Detached1 1/2 Storey

6403 Locus Avenue, Niagara Falls

Total Monthly Obligation $2,471

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
8d
Score
26
Yield
6.8%
Cash on Cash
4.7%
Cap Rate
5.6%
5Y IRR
19.3%
10Y IRR
17.7%
Property Type-Detached
MLS® Number-X14080386
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40 × 106 ft
Listed on site-Oct 15, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,130.51 (2026)
Parking-4 - Detached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-216 - Dorchester
Title-Residential Freehold

No agent assigned

Welcome to this charming, well-maintained 3-bedroom, 1.5-bathroom home nestled on a quiet, tree-lined street in a desirable, family-friendly neighbourhood. Lovingly maintained over the years, this home showcases true pride of ownership while offering the perfect blend of timeless character and thoughtful updates. Step inside to discover beautiful hardwood floors, rich stained wood trim, and elegant French doors that create a warm and inviting transition from the living room to the dining room. The updated kitchen offers a functional space for everyday living, with convenient access to the rear deck, making outdoor dining, barbecuing, and entertaining effortless. The updated 3-piece bathroom features a beautifully tiled shower, adding a modern touch while complementing the home's character. Outside, you'll find a private backyard surrounded by mature trees and gardens, creating a peaceful setting to relax or entertain family and friends. The enclosed front porch, lined with large windows, is the perfect place to enjoy your morning coffee, unwind with a book, or simply take in the quiet surroundings. Additional features include a detached one-car garage and a long paved driveway with parking for multiple vehicles. Conveniently located just minutes from grocery stores, pharmacies, restaurants, elementary and secondary schools, and everyday amenities. You'll also enjoy being just a short drive from Niagara Falls' world-renowned attractions, hotels, and entertainment. This is a wonderful opportunity to own a home full of warmth, character, and lasting appeal in a sought-after Niagara Falls neighbourhood

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

Closing Costs

Mortgage Amount
$364,000
Land Transfer Taxes$5,575
Legal Fees (Est.)
$
Total cash required for closing$98,075

Total Monthly Obligation

$2,471/mo
Mortgage $1,835
Monthly Loss $1,988
Principal$483
Interest$1,352
Property Tax$261
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.8%5
5-Year IRR
14.3%67
10-Year IRR
14.1%
Returns Index
35.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$31,032/yr
NOI
$20,298/yr
Net Cash Flow
-$144/mo
Cash Margin
-5.6%2
Cash Flow Index
1.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
35.2/ 100

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

Comparables

Properties near 6403 Locus Avenue

Time

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Data last updated within the past 24 hours.