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$ 625,000
Est. payment /mo
Active
97 Queen ST Fort Erie, ON L2A 1T9
4 Beds
4 Baths
UPDATED:
02/05/2025 04:39 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 332 - Central
MLS Listing ID X10203408
Style 3-Storey
Bedrooms 4
Annual Tax Amount $3,097
Tax Year 2024
Property Sub-Type Multiplex
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. One unit 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
Community 332 - Central
Area Niagara
Rooms
Family Room No
Basement None
Kitchen 4
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 2.0
Pool None
View Lake, Panoramic, Water
Roof Type Asphalt Shingle,Flat
Topography Sloping
Lot Frontage 82.13
Lot Depth 66.0
Total Parking Spaces 5
Building
Unit Features Hospital,Lake/Pond,Public Transit,School,School Bus Route
Foundation Slab
Others
ParcelsYN No
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE