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Fort Erie,ON L2A 1T9
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $275
MLS Listing ID 40599308
Bedrooms 4
Abv Grd Liv Area 2,000
Originating Board Niagara
Annual Tax Amount $2,776
Property 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.
Location
Province ON
County Niagara
Area Fort Erie
Zoning R3
Direction CENTRAL AVE
Rooms
Basement None
Kitchen 0
Interior
Interior Features Separate Heating Controls,Other
Heating Natural Gas,Radiant,Other
Cooling None
Fireplace No
Appliance Refrigerator,Stove
Laundry None
Exterior
Exterior Feature Balcony
Garage Detached Garage,Asphalt
Garage Spaces 2.0
Waterfront No
Waterfront Description Lake Privileges,Lake/Pond
Roof Type Asphalt Shing,Rolled/Hot Mop,Shingle
Lot Frontage 82.13
Lot Depth 66.0
Parking Type Detached Garage,Asphalt
Garage No
Building
Lot Description City Lot,Near Golf Course,Highway Access,Hospital,Library,Marina,Open Spaces,Park,Place of Worship,Public Transit,School Bus Route,Schools,Shopping Nearby,Visual Exposure,Other
Faces CENTRAL AVE
Story 3
Foundation Slab
Sewer Sewer (Municipal)
Water Municipal
Structure Type Block
New Construction No
Others
Senior Community No
Tax ID 642220109
Ownership Freehold/None