3033 Townline Road 516, Fort Erie

$359,000
3033 Townline Road 516

$359,000

New
4d
DetachedBungalow

3033 Townline Road 516, Fort Erie

Total Monthly Obligation $2,053

Beds
2
Baths
2
Park
4
Sqft
1100-1500
DOM
4d
Score
42
Yield
8.6%
Cash on Cash
12.0%
Cap Rate
7.2%
5Y IRR
25.3%
10Y IRR
22.8%
Property Type-Detached
MLS® Number-X14095072
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,759.28 (2026)
Parking-5 - Attached
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Community
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-327 - Black Creek
Title-Residential Freehold

No agent assigned

Waterfront living, exceptional privacy, and an incredible price of $359,000! Set on one of the premier corner lots in the sought-after Black Creek Adult Lifestyle Community, this charming bungalow enjoys beautiful creek views in a peaceful setting to begin your next chapter. Enjoy the ease of main-floor living with 2 bedrooms, 2 bathrooms, main-floor laundry, and an attached single-car garage. Vaulted ceilings enhance the bright, open-concept living and dining areas, creating a welcoming space for entertaining or simply unwinding. The sunroom is a standout feature, offering a comfortable spot to enjoy your morning coffee while overlooking the creek. A roof completed in 2021 adds further value and peace of mind. Outside, the private waterfront setting invites you to relax, enjoy nature, and make the backyard your own retreat. Potential for a future dock, subject to applicable approvals, adds another possibility for enjoying this special location. Residents enjoy indoor and outdoor pools, a clubhouse, sauna, pickleball & tennis courts, and more. Whether you're downsizing or looking for a relaxed lifestyle with amenities close to home, this waterfront bungalow offers an inviting opportunity at $359,000. Estimated monthly fees total $1,104.94, consisting of an $875 land lease fee and $229.94 in estimated property taxes for the site and home.

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

Closing Costs

Mortgage Amount
$287,200
Land Transfer Taxes$3,860
Legal Fees (Est.)
$
Total cash required for closing$77,160

Total Monthly Obligation

$2,053/mo
Mortgage $1,448
Monthly Loss $1,672
Principal$381
Interest$1,067
Property Tax$230
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.7%47
Cash-on-Cash
4.1%19
5-Year IRR
19.1%89
10-Year IRR
18.0%
Returns Index
52.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
42/ 100
Poor•Caution

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,900/yr
NOI
$20,551/yr
Net Cash Flow
$264/mo
Cash Margin
10.3%28
Cash Flow Index
28.0/ 100
Risk Profile
Weight: 20%
DSCR
1.1843
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
46.5/ 100

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

Comparables

Properties near 3033 Townline Road 516

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.