97 QUEEN Street 332 - Central Ave, Fort Erie, Ontario, CA

Address: 97 QUEEN Street, Fort Erie, Ontario

4 Beds4 Baths2000 sqftStatus: Buy
Price $550,000

Property Overview


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. (id:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Fourplex
Storeys
3
Square Footage
2000.0000
Subdivision Name
332 - Central Ave
Title
Freehold
Land Size
under 1/2 acre
Parking Type
Detached Garage,Carport
Building
Bathrooms
Total
4
Interior Features
Basement Type
None
Building Features
Features
Visual exposure, Paved driveway
Construction Material
Concrete block, Concrete Walls
Square Footage
2000.0000
Heating & Cooling
Cooling
None
Heating Type
Other, Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Concrete
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Golf Nearby, Hospital, Marina, Park, Place of Worship, Public Transit, Schools, Shopping
Parking
Parking Type
Detached Garage,Carport
Total Parking Spaces
3
Land
Other Property Information
Zoning Description
R3
Features
           Visual exposure            Paved driveway            Detached Garage
           Carport            None
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Your Home Finance Calculation

Property Price CA $550,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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