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Investment signal

$569,900

313 GILMORE Road

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Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort Erie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Fully renovated in 2022, this Central Fort Erie duplex combines modern interiors with major mechanical reliability. The property features a 2025 furnace alongside a 2022 air conditioning system and roof. The functional layout is divided into two distinct units. The upper floor unit generates $1,700 monthly on an all-inclusive basis. The main floor unit earns $1,800 monthly, with that tenant responsible for 100% of their hydro and a 50% share of gas and water costs. The appliance package includes two fridges, two stoves, one washer, and one dryer. Situated in a quiet residential pocket on Gilmore Road, the home is steps from green space and local amenities. This property offers a turnkey investment or a multi-generational living arrangement with clear utility separation and long-term structural peace of mind. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Community: 332 - Central Ave
Common interest: Freehold
Living area: 2,168 square feet
Bedrooms: 4 above grade, 0 below grade
Parking: 4 total
Stories: 2
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Annual tax: $1,891
Zoning: R3
Photos: 44
MLS#: 40822457
Area: FORT_ERIE

Features and systems

Basement

UnfinishedCrawl space

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Vinyl siding

Lot

Country residential

Negative cash flow ~$609/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.41%

Cap rate

3.58%

GRM

16.4

Break-even rent

$3,541

Financing

Down payment$113,980

Loan amount$455,920

Mortgage$2,310/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$261

Insurance$80

Maintenance$475

CapEx reserve$237

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,310/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.