97 Queen Street Fort Erie, Ontario L2A 1T9
$625,000
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. (id:60234)
Property Details
| MLS® Number | X10203408 |
| Property Type | Multi-family |
| Community Name | 332 - Central |
| Amenities Near By | Hospital, Public Transit, Schools |
| Community Features | School Bus |
| Features | Sloping |
| Parking Space Total | 5 |
| View Type | Lake View, View Of Water |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Age | 51 To 99 Years |
| Exterior Finish | Brick, Concrete |
| Foundation Type | Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 66 Ft |
| Size Frontage | 82 Ft ,1 In |
| Size Irregular | 82.1 X 66 Ft |
| Size Total Text | 82.1 X 66 Ft |
| Surface Water | Lake/pond |
| Zoning Description | R3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|
Utilities
| Cable | Installed |
| Sewer | Installed |
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April 22 2025 09:01:29
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage