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Royal LePage
Royal LePage
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$625,000

Fort Erie (Central) ON, L2A 1T9

MLS® # X12329884

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 2000 sqft
  • Heating Type: Other
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Amenities Nearby: Public Transit, Recreation
  • Floor Space (approx): 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 66.0 Feet
  • Lot Frontage: 82.1 Feet
  • Lot Size: Bldg=82.13 x 66 FT
  • Zoning: R3
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 97 QUEEN STREET, Fort Erie (Central), Ontario, L2A 1T9

Demographic Information of 97 QUEEN STREET, Fort Erie (Central), Ontario, L2A 1T9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,924.83

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.51 %

High school certificate or equivalent

42.08 %

Apprenticeship trade certificate/diploma

5.41 %

College/non-university certificate

18.98 %

University certificate (below bachelor)

0.08 %

University Degree

9.94 %

Commuter

Travel To Work

By Car

91.71 %

By Public Transit

0.0 %

By Walking

5.32 %

By Bicycle

0.0 %

By Other Methods

2.97 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.25 %

Houses

75.75 %

Own Vs. Rent

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