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Investment signal

$499,000

98 CHIPPAWA ROAD

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Beds

Baths

3 full + 1 half

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

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

About this home

Great duplex opportunity for homeowners and investors! Live in one unit and offset your mortgage with rental income from the other. This property features separate entrances, individual hydro meters, and two dedicated laundry areas, offering excellent functionality and privacy. Recent updates include a newer boiler, two hot water tanks, and three ductless mini-split heating/cooling units for efficient year-round comfort. The home also offers an oversized single garage and several updated windows. Enjoy the 15-ft round above-ground pool just off the wood deck-perfect for summer entertaining. The basement includes a separate entrance and has been insulated with a vapor barrier, providing additional potential. With some TLC, this property offers a great opportunity to add value and build equity. A solid investment in a versatile property! (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: 873 - Bethel
Lot dimensions: 60 x 234.4 FT
Bedrooms: 5 above grade
Parking: 4 total
Stories: 2
On market: Mar 9, 2026
Status changed: Apr 24, 2026
Annual tax: $2,880 (2025)
Photos: 21
MLS#: X12861030
Area: PORT_COLBORNE_(BETHEL)

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedN/A

Heating

Heat PumpRadiant heatNot knownNot knownElectricElectricNatural gas

Exterior

StuccoVinyl siding

Foundation

Block

Lot

Dry

Pool

Above ground pool

Positive cash flow ~$180/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

2.16%

Cap rate

5.30%

GRM

12.6

Break-even rent

$3,111

Financing

Down payment$99,800

Loan amount$399,200

Mortgage$2,023/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$416

CapEx reserve$208

Vacancy loss$165

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 $2,023/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 24, 2026.