2603 Stevensville Road, Fort Erie

$529,000
2603 Stevensville Road

$529,000

New
7d
Detached2-Storey

2603 Stevensville Road, Fort Erie

Total Monthly Obligation $2,795

HausQ Valuation Report
Beds
4
Baths
1
Park
2
Sqft
1500-2000
DOM
7d
Score
22
Yield
5.7%
Cash on Cash
0.2%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.8%
Property Type-Detached
MLS® Number-X14085208
Beds-4
Bathrooms-1
Size-1500-2000 sqft
Lot Size-80 × 264 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,437 (2026)
Parking-2 - Other
Basement-Partial Basement, Unfinished, Crawl Space
Heating-Baseboard (Electric)
Brokerage-Century 21 Heritage House LTD
Cooling-Other, Wall Unit(s)
Laundry-No
Fireplace-No
Pool-Above Ground
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete, Block, Stone
Sewer-Sewer
Possession-vacant -immediate
Neighbourhood-328 - Stevensville
Title-Residential Freehold

No agent assigned

Enjoy that small-town country character and charm in the quaint village of Stevensville (Fort Erie).This 4-bedroom 2 story with lovely front porch and barn was built in 1860, has a great size lot 80' x 264' located right in the downtown area of Stevensville near major transportation routes, local amenities, QEW access and Peace Bridge to USA. Updates include large updated kitchen with lots of cabinets offering ample storage, main level laundry, vinyl windows, newer on-demand water heating system and split A/C unit, modern main bath with glass shower. The kitchen comes equipped with stainless steel appliances including a 36" gas stove, fridge, freezer, microwave, dishwasher, washer, dryer. Rear yard offers a large barn 50' x 19' with huge loft and lower walkout. An above ground pool is also included.Larger Town of FE amenities are only 10 mins drive away. The home is being sold "AS IS" and available for quick possession. Wheelchair ramp at front entrance is a bonus.

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

Closing Costs

Mortgage Amount
$423,200
Land Transfer Taxes$7,055
Legal Fees (Est.)
$
Total cash required for closing$114,355

Total Monthly Obligation

$2,795/mo
Mortgage $2,134
Monthly Loss $2,234
Principal$562
Interest$1,572
Property Tax$286
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.5%2
5-Year IRR
11.3%45
10-Year IRR
11.7%
Returns Index
23.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$30,348/yr
NOI
$19,376/yr
Net Cash Flow
-$519/mo
Cash Margin
-20.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
29.6/ 100

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

Comparables

Properties near 2603 Stevensville Road

Time

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Data last updated within the past 24 hours.