97 Queen Street, Fort Erie, Ontario L2A 1T9

Listed for:
$539,900
4 beds
4 baths
Listed 219 days ago
Other for rent: 97 Queen Street, Fort Erie, Ontario L2A 1T9

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Learn more about this property
Listing provided by:
RE/MAX NIAGARA REALTY LTD.
MLS® number:
X7215798
Agent:
Ray Rosettani
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About

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. Two units are currently vacant. **** EXTRAS **** Legal Cont'd: AS IN RO769346 EXCEPT THE EASEMENT THEREIN; FORT ERIE (id:27476)

Property Highlights

Type
Other
Cooling type
Heating fuel
Electric
Fireplace
No
Construction material
Brick, Concrete
Parking space
5
Ownership Type
Amenities nearby
Hospital, Public Transit, Schools

Location

Summary

Located in the heart of Fort Erie, this property presents an excellent investment opportunity. The 4-plex is constructed with a combination of large brick and concrete block, offering versatility and potential income. With an attached carport and a detached 2-car garage, there are multiple options to maximize rental income. The property consists of four distinct units, catering to a variety of tenant needs. These include a cozy bachelor apartment, two spacious one-bedroom units, and a generous two-bedroom apartment. Notably, the third-floor one-bedroom apartment provides exclusive access to a rooftop space with stunning views of the Buffalo skyline.

The potential rental income for the units is as follows: Apartment #1 (Bachelor) - $800, Apartment #2 (one bedroom) - $800, Apartment #3 (2 bedroom) - $750, and Apartment #4 (one bedroom) - $1000. All rents are inclusive of utilities. Currently, two units are vacant, presenting an opportunity for additional income.

The property is situated on a 82.13 x 66 FT land, with convenient access to nearby amenities such as hospitals, public transit, and schools. Additionally, the presence of a nearby lake/pond adds to the appeal of the location. The address of the property is 97 QUEEN ST, Fort Erie, Ontario, with a postal code of L2A1T9. The building features a total of 4 bathrooms and 4 bedrooms above ground, with a total of 4 bedrooms overall. The exterior finish of the building is a combination of brick and concrete, with heating provided by electric baseboard heaters. The property spans 3.00 stories, offering ample space and potential for a lucrative investment.

In summary, this property in Fort Erie presents an attractive investment opportunity with its versatile 4-plex structure, potential rental income, and convenient location. With multiple vacant units and a range of amenities nearby, this property is a promising prospect for investors seeking a profitable venture in the real estate market.