ExtensionFor Sale

97 Queen Street
Fort Erie, Niagara, ON, L2A 1T9

Investment
TRREB
MLS® Number: X12329884
$625,000List Price
InvestmentProperty Type
2,000 sq ftSize
$3,097 / 2024Taxes (Annual)
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Listing History

Buy/sell history for 97 Queen Street, 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) $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.

Features

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Amenities

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Summary

Tax (Annual):$3,097 / 2024
Listing #:X12329884
Property Type:Investment
Building Age:51-99
Size:2,000 sq ft
Land Size:82.13 x 66
Days on CPRB:
Garage:Double Detached
Locker:None
On CPRB Since:
Listing Brokerage:RE/MAX NIAGARA REALTY LTD, BROKERAGE

Rooms

Details

Property

Property Type:Investment
Community:332 - Central
Municipality:Niagara

Building

Size:2,000 sq ft
Building Age:51-99

Inside

Bedrooms:4
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:Double Detached
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:No
Heating Type:Other
Utility Sewer:Sanitary

Land

Cross Street:CENTRAL AVE

$625,000

List price

97 Queen Street, Fort Erie – 4 bed Investment for sale · MLS® # X12329884 | CPRB