5662 Morden Drive, Niagara Falls

$849,990
5662 Morden Drive

$849,990

New
2d
DetachedBungalow

5662 Morden Drive, Niagara Falls

Total Monthly Obligation $4,106

HausQ Valuation Report
Beds
5
Baths
3
Park
5
Sqft
700-1100
DOM
2d
Score
16
Yield
3.4%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.8%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-X14104890
Beds-5
Bathrooms-3
Size-700-1100 sqft
Lot Size-50 × 138.5 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,632.2 (2026)
Parking-5 - None
Basement-Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-211 - Cherrywood
Title-Residential Freehold

No agent assigned

** Legal Duplex - Fully Renovated Solid Bungalow in Highly Desirable Neighborhood of Niagara Falls !** Excellent opportunity for first-time buyers, investors, or multi-generational families. This fully renovated legal duplex features ** 3+2 bedrooms, 2 full bathrooms + powder room, and 2 full kitchens ** , offering flexible living arrangements and excellent rental income potential. Solid brick bungalow with a separate side entrance, quality upgrades throughout, and brand-new appliances. Bright, clean, and move-in ready, this home shows exceptionally well and offers ample parking. Prime location sits directly across from Oaks Park on a quiet street, just minutes from ** Niagara Falls ** , with easy access to public transit, schools, restaurants, grocery stores, highways, and all major amenities. Massive Backyard for your Entertaining Needs. A fantastic opportunity for homeowners and investors alike.

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

Closing Costs

Mortgage Amount
$679,992
Land Transfer Taxes$13,475
Legal Fees (Est.)
$
Total cash required for closing$184,973

Total Monthly Obligation

$4,106/mo
Mortgage $3,429
Monthly Loss $3,204
Principal$902
Interest$2,526
Property Tax$303
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
5.7%13
10-Year IRR
7.2%
Returns Index
7.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$29,136/yr
NOI
$18,090/yr
Net Cash Flow
-$1,921/mo
Cash Margin
-79.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
19.9/ 100

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

Comparables

Properties near 5662 Morden Drive

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.