97 Queen Street Fort Erie, Ontario L2A 1T9
$550,000
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 #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:56248)
Property Details
| MLS® Number | 40599308 |
| Property Type | Multi-family |
| AmenitiesNearBy | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping |
| CommunityFeatures | School Bus |
| Features | Visual Exposure, Paved Driveway |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 4 |
| BasementType | None |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| CoolingType | None |
| ExteriorFinish | Brick, Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Other, Radiant Heat |
| StoriesTotal | 3 |
| SizeInterior | 2000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Carport |
Land
| AccessType | Water Access, Highway Access |
| Acreage | No |
| LandAmenities | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 66 Ft |
| SizeFrontage | 82 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/26988622/97-queen-street-fort-erie
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June 04 2024 03:29:50
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage