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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 $312
MLS Listing ID 40670587
Bedrooms 4
Annual Tax Amount $3,097
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 #2 (Bachelor) $850, Apartment #1 (one bedroom - currently rented) $820, Apartment #3 (2 bedroom and currently rented) $769 and Apartment #4 (one bedroom - vacant) Potential rent $1250 . All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. 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. Recent improvements include a new exterior staircase to 3rd floor, updated bathroom in apartment 4 and exterior has been painted.
Location
Province ON
County Niagara
Area Fort Erie
Zoning R3
Rooms
Kitchen 0
Interior
Heating Natural Gas,Radiant,Other
Cooling None
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
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
Story 3
Foundation Slab
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Block
New Construction No