1490 Nigh Road, Fort Erie

$639,000
1490 Nigh Road

$639,000

New
3d
DetachedBungalow-Raised

1490 Nigh Road, Fort Erie

Total Monthly Obligation $3,277

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
3d
Score
20
Yield
5.2%
Cash on Cash
-1.6%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Detached
MLS® Number-X14099420
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-42 × 133 ft
Listed on site-Oct 20, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$3,892 (2025)
Parking-6 - Attached
Basement-Finished, Full, Separate Entrance, Walk-Up
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-334 - Crescent Park
Title-Residential Freehold

No agent assigned

Welcome to 1490 Nigh Road, a well maintained raised bungalow located in Fort Erie's established Crescent Park neighbourhood. Offering 3+1 bedrooms, 2 full bathrooms, and a versatile layout, this home combines comfortable living with significant recent improvements. Step inside to discover a bright, welcoming interior featuring hardwood and tile flooring, fresh paint throughout, and a kitchen complete with new stainless steel appliances. The main level offers three bedrooms and a full bathroom, while the finished lower level provides additional living space with a spacious family room, fourth bedroom, and 3-piece bathroom. With a walk up providing direct access from the lower level to the attached double-car garage, this layout offers added convenience and flexibility for everyday living. One of the home's standout features is the extensive list of recent upgrades, including a new furnace, central air conditioning, hot water heater, and Generac generator, all installed in 2024. Step outside and enjoy the beautiful deck and patio, creating inviting spaces for outdoor dining, entertaining, or simply relaxing in your own backyard. Situated in an established residential neighbourhood, 1490 Nigh Road offers the space, location, and important updates today's buyers appreciate. With so much already taken care of, this is a home you'll want to see for yourself!

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

Closing Costs

Mortgage Amount
$511,200
Land Transfer Taxes$9,255
Legal Fees (Est.)
$
Total cash required for closing$138,555

Total Monthly Obligation

$3,277/mo
Mortgage $2,578
Monthly Loss $2,599
Principal$678
Interest$1,899
Property Tax$324
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%2
5-Year IRR
10.4%38
10-Year IRR
10.9%
Returns Index
20.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$33,480/yr
NOI
$21,740/yr
Net Cash Flow
-$766/mo
Cash Margin
-27.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
25.6/ 100

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

Comparables

Properties near 1490 Nigh Road

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.