3640 Rapids View Drive, Niagara Falls

$699,900
3640 Rapids View Drive

$699,900

New
6d
DetachedBacksplit 4

3640 Rapids View Drive, Niagara Falls

Total Monthly Obligation $3,614

Beds
4
Baths
3
Park
7
Sqft
1100-1500
DOM
6d
Score
17
Yield
4.1%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.2%
Property Type-Detached
MLS® Number-X14090376
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-70 × 120 ft
Listed on site-Oct 17, 2026
Style-Backsplit 4
Building Type-Detached
Taxes-$4,991 (2025)
Parking-9 - Attached
Basement-Full, Separate Entrance, Walk-Up, Finished
Heating-Forced Air (Gas)
Brokerage-OLYMPIA REALTY INCORPORATED
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-223 - Chippawa
Title-Residential Freehold

No agent assigned

Revised Listing DescriptionWelcome to 3640 Rapids View Drive, a thoughtfully designed custom home on a quiet cul-de-sac, offering the privacy and everyday convenience families value. Set on a generous 70 x 120 ft lot just steps from the scenic Niagara River, this well-maintained home blends comfortable living space with a highly functional floor plan in a peaceful, family-oriented neighbourhood.Pride of ownership shows from the curb, with attractive exterior appeal and a triple-wide concrete driveway. Inside, approximately 1,435 sq. ft. of living space is organized for real family life. The main floor features an inviting open-concept layout with elegant crown moulding, a sunken living room with a large picture window, and a spacious dining area perfect for everyday meals and gatherings. The bright eat-in kitchen provides ample cabinetry, generous counters, a pantry, double sink, and direct access to a covered side deck-ideal for morning coffee or casual outdoor meals.Upstairs, three spacious bedrooms include a primary suite with a 3-piece ensuite, plus a full bathroom with a skylight and tub/shower combination. The lower level adds exceptional flexibility and privacy with a large family room and cozy gas fireplace, a fourth bedroom, a spacious den that works beautifully as a playroom or home office, a 2-piece bathroom, a cedar hot tub room, and a separate walk-up entrance to the backyard.Outside, the generous yard offers room for children, pets, and outdoor play, with a brick storage shed for convenient extra storage. Located just minutes from Niagara Falls, Chippawa, schools, parks, and everyday amenities, this move-in-ready home delivers quiet neighbourhood living with nature close by-making daily life simple and convenient for families. A rare opportunity in a highly desirable location.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,614/mo
Mortgage $2,823
Monthly Loss $2,871
Principal$743
Interest$2,080
Property Tax$416
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.4%16
10-Year IRR
7.9%
Returns Index
9.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$28,596/yr
NOI
$16,245/yr
Net Cash Flow
-$1,469/mo
Cash Margin
-61.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.1/ 100

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

Comparables

Properties near 3640 Rapids View Drive

Time

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