$550,000
 $2,953 est/mo Sourced by Back At You

97 Queen Street , Fort Erie, ON L2A 1T9

Fort Erie, ON L2A 1T9

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Description

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) potential rent of $800, Apartment #2 (one bedroom - currently rented) $800, Apartment #3 (2 bedroom and currently rented) $750 and Apartment #4 (one bedroom - vacant) Potential rent $1000. All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 2. Two units are currently vacant, providing an excellent opportunity for the new owner to take possession for personal use or set competitive rental rates for incoming tenants. 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.

Details

MLS#40599308
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site50
Listing Provided ByRE/MAX NIAGARA REALTY LTD, BROKERAGE | Ray J Rosettani

Features

Bed(s)4
Bath(s)4
SQ Feet2,000
Garage2
Story(s)3
Units4
ZoningR3
Golf CourseYes
Water FrontYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 10 minutes ago
ProvinceON
CountyNiagara
CityFort Erie
Postal CodeL2A 1T9
AreaFort Erie
Subarea332 Central Ave
Community Name332 Central Ave
Listing VS Median (in 332 Central Ave)
Price:
$550,000
low | high
Med:
$450,000
68.181818181818% of Average
SqFt:
2,000
low | high
Med:
1,600
70% of Average
$ / SqFt:
$275
low | high
Med:
$281
47.727272727273% of Average
On Site:
50
low | high
Med:
15.000000
100% of Average
Sourced by Back At You
Listing Updated: June 4, 2024 at 11:31:05 AM PDT