97 QUEEN STREET, Fort Erie (Central), Ontario, L2A1T9

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 #1 (Bachelor) $867, Apartment #2 (one bedroom) $840, Apartment #3 (2 bedroom) $789 and Apartment #4 (one bedroom) rent $1295 . 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. Seller has just installed a new boiler system 2025. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: 4
• Bathrooms: None
• Living Area: 2,000 sq ft (185.8 m²)
• Attached: Yes
• Parking: 3 spaces
• Frontage: 82 ft (25 m)

Costs

• Annual Taxes: $3,097.00

Listing Provided by: RE/MAX NIAGARA REALTY LTD, BROKERAGE
Board: Niagara Association of REALTORS®
Data provided via CREA DDF®.