97 Queen Street, Fort Erie, ON L2A 1T9

Fort Erie L2A 1T9 Ontario

MLS: X12329884

$625,000

Added 33 days ago | For Sale

Listed by: RE/MAX NIAGARA REALTY LTD, BROKERAGE

About Property

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) $820, Apartment #1 (one bedroom) $850, Apartment #3 (2 bedroom) $769 and Apartment #4 (one bedroom) rent $1250 . 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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 82.13 X 66
  • Water:Municipal
  • Garage Spaces: /Double Detached
  • Driveway:
  • Heating Fuel:
  • Cross Street:CENTRAL AVE
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $3097
  • Bedrooms:
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Other
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12329884

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