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Richard Rutkowski

[email protected] +1(905) 876-6660

$ 625,000

Est. payment -/mo

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Active

97 Queen ST Fort Erie, ON L2A 1T9

4 Beds

4 Baths

UPDATED:

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

Building Age 51-99

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) $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.

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

Richard Rutkowski

License Partner | Broker of Record | License ID: HBRUTKORI

+1(905) 876-6660

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