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$625,000
Available - For Sale
Listing ID: X12329884
Discover the perfect investment opportunity in the heart of Fort Erie. This spacious large brick and concrete block 4-plex offers the ideal combination of versatility and potential income. With an attached carport and a detached 2-car garage, there are options to maximize your rental income. This property features four distinct units, catering to a variety of tenant needs. There's one cozy bachelor apartment, two spacious one-bedroom units, and a generous two-bedroom apartment. The third-floor one-bedroom apartment is a unique gem, offering exclusive access to a rooftop space with breathtaking views of the Buffalo skyline. Apartment #1 (Bachelor) $867, Apartment #2 (one bedroom) $840, Apartment #3 (2 bedroom) $789 and Apartment #4 (one bedroom) rent $1295 . Detached 2 car garage with separate units $100 each side. (currently vacant). All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. With a little vision and the potential to rent out individual garage bays, this investment promises both immediate returns and long-term value. Don't miss out on this chance to own a piece of Fort Erie real estate with incredible potential. Recent improvements include a new exterior staircase to 3rd floor, updated bathroom in apartment 4 and exterior has been painted. Operation costs are approximately $12,500 per year. Seller has just installed a new boiler system 2025.
Price $625,000
Taxes: $3,097
Tax Type: Annual
Occupancy by: Tenant
Address: 97 Queen Street , Fort Erie, L2A 1T9, Niagara
Postal Code: L2A 1T9
Province/State: Niagara
Legal Description: PT LT 5 PL 515 VILLAGE OF FORT ERIE AS I
Directions/Cross Streets: CENTRAL AVE
No. of Pieces Level
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Washroom 19 0
Washroom 20 0
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Washroom 43 0
Washroom 44 0
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Washroom 48 0
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Washroom 55 0
Washroom 56 0
Washroom 57 0
Washroom 58 0
Washroom 59 0
Washroom 60 0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 2,000
Total Area Code:  Square Feet
Area Influences: Public Transit   Recreation/Comm
Approximatly Age: 51-99
Franchise: F
Maintenance: 0
Outside Storage: T
Crane: F
Heat Type: Other
Central Air Conditioning: No
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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RE/MAX NIAGARA REALTY LTD, BROKERAGE

97 Queen Street , Fort Erie, L2A 1T9, Niagara

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Maria Tompson
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Fort Erie
Neighbourhood: 332 - Central
Style:
Lot Size: x 66.00(Feet)
Approximate Age: 51-99
Tax: $3,097
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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