For Sale

97 Queen Street, Fort Erie, Ontario L2A 1T9

$625,000

97 Queen Street, Fort Erie, Ontario L2A 1T9 is For Sale and has a listing price of 625,000. The property is located in the Fort Erie . It's been on the website for 53 Days.

  • Multiplex
    Property Type
  • 4
    Bedrooms
  • 4
    Bathrooms
  • Parking
  • MLS ID: X10203408
  • Office Name RE/MAX NIAGARA REALTY LTD, BROKERAGE
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) $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.

Property Details
  • Bedrooms: 4
  • MLS ID: X10203408
  • Bathrooms: 4
  • Price: $625,000
  • Lot Depth: 66
  • Transaction Types: For Sale
  • Ref ID: X10203408
  • View: City View, Lake View, Mountain View, Valley View, View (panoramic)
  • Year Built: N/A
  • Approx Sqft: 2000-2500
  • Dir / Cross St: Central Avenue
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 51-99
  • Property Type: Multiplex
  • Property Type: Commercial
  • Property Sub Category: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
11/01/2024 X10203408 $625,000 For Sale - -
10/30/2024 X9866058 $625,000 For Sale - -
06/04/2024 X8401880 $550,000 Cancelled 08/20/2024 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Fort Erie
  • $855,740 Average List Price
    based on 1 year
  • 28 New Listings
    based on 30 days
  • 54 Median Days on Market
    based on 1 year
  • List vs. Selling Price 227.35 % Up
  • Sold (12mo) 91
  • Rented (12mo) 30

  • 1 Month Change +47.8%
  • 3 Month Change +60.7%
  • 6 Month Change +43.2%
Walkscore
  • 44 Walk Score
    Car-Dependent
  • 31 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    76.48%
  • Commercial
    16.3%
  • Condo
    5.19%
  • Land for Sale
    2.03%
Additional Details
  • Heat Type Water
  • Heat Source Gas
  • Style 3-storey
  • Washroom Type1: 1
  • Garage Type Detached
  • Parking Spaces: 3
  • Exterior Brick, Concrete
  • Kitchen 4
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 3 # Pcs: 4
  • Washrooms Type 4 # Pcs: 4
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Washrooms Type 4: 1
  • Taxes: $3,097
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 01/11/2024 12:05:40
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