$625,000

Multiplex For Sale
MLS - #X10203408
Mar 20- By RE/MAX NIAGARA REALTY LTD, BROKERAGE

97 Queen Street, Fort Erie, ON L2A 1T9

4 Bed
4 Bath
2000-2500 Sqft.
Detached Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

3-Storey

Approx. Area

2000-2500 Sqft

Room Information

Room TypeDimension (length x width)FeaturesLevel
BedroomN/AN/AGround

About 97 Queen Street

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.

Home Overview

Last updated

Mar 20

Virtual tour

None

Basement information

None

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:None
Cooling:None
Heating:Water
Parking Features:Private
0
Similar Homes Found
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Average Price
62500000.0%
Higher than average

Price Comparison

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Walk Score for 97 Queen Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

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