3595 Algonquin Drive, Fort Erie

$1,075,000
3595 Algonquin Drive

$1,075,000

New
3d
DetachedBungalow

3595 Algonquin Drive, Fort Erie

Total Monthly Obligation $5,484

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
3d
Score
14
Yield
3.0%
Cash on Cash
-12.6%
Cap Rate
1.9%
5Y IRR
5.8%
10Y IRR
7.0%
Property Type-Detached
MLS® Number-X14099044
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-72.18 × 107.28 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$9,274 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Other, Board & Batten
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

Welcome to 3595 Algonquin Drive! Discover relaxed comfortable living in the over 3,000 sq ft of living space of this beautiful custom-built home situated in the sought-after adult lifestyle community of Ridgeway-by-the-Lake. Designed with an open concept, the main floor features a large tiled entrance leading to a spacious bright living area with a cathedral ceiling, transom window and an attractive in-wall fireplace. The dining area has views over the garden and rear patio. The generous kitchen has Cambria quartz countertops with an extended wrap-around peninsula providing maximum workspace as well as space for casual meals at the counter, featuring floor to ceiling cabinetry .The kitchen, the small similarly-decorated bar area, and the dining room share access to the peace and seclusion of a lovely patio surrounded by meticulously maintained gardens. The mudroom and laundry area lead off the kitchen. The main bedroom has a spacious walk-in closet, and an en-suite bathroom with a double vanity, bath and tiled shower stall. There is a guest bedroom, a second bathroom and a study/office. The main floor has hardwood flooring while the lower level has premium-quality laminate floors.The finished lower level adds exceptional living space featuring a spacious family room, large den, guest bedroom, bathroom, fridge/freezer room, and a small gym. There is also a large storage area. This home has a new air-conditioner (2025), and a new Generac generator and forced air furnace both installed in 2026, providing comfort and peace of mind. As a resident of Ridgeway-by-the-Lake, you will enjoy the convenience of being just a short walk to the beautiful private clubhouse. Optional membership includes access to amenities such as a pool, library, gym and pool room. Ridgeway village is just minutes away, as is the lake . This is a wonderful opportunity to enjoy the lifestyle you have been looking for! Come and take a peek - you may just feel right at home

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$860,000
Land Transfer Taxes$17,975
Legal Fees (Est.)
$
Total cash required for closing$234,475

Total Monthly Obligation

$5,484/mo
Mortgage $4,336
Monthly Loss $4,343
Principal$1,141
Interest$3,195
Property Tax$773
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.0%0
5-Year IRR
3.1%7
10-Year IRR
5.4%
Returns Index
4.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$31,956/yr
NOI
$14,986/yr
Net Cash Flow
-$3,087/mo
Cash Margin
-115.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
15.9/ 100

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

Comparables

Properties near 3595 Algonquin Drive

Time

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