97 Queen Street Fort Erie, Ontario L2A 1T9

$625,000

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 #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. (id:50877)

Property Details

MLS® Number	X10203408
Property Type	Multi-family
Community Name	332 - Central
Amenities Near By	Hospital, Public Transit, Schools
Community Features	School Bus
Features	Sloping
Parking Space Total	5
View Type	Lake View, View Of Water

Building

Bathroom Total	4
Bedrooms Above Ground	4
Bedrooms Total	4
Age	51 To 99 Years
Exterior Finish	Brick, Concrete
Foundation Type	Slab
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Stories Total	3
Size Interior	2,000 - 2,500 Ft2
Type	Other
Utility Water	Municipal Water

Parking

Detached Garage

Land

Acreage	No
Land Amenities	Hospital, Public Transit, Schools
Sewer	Sanitary Sewer
Size Depth	66 Ft
Size Frontage	82 Ft ,1 In
Size Irregular	82.1 X 66 Ft
Size Total Text	82.1 X 66 Ft
Surface Water	Lake/pond
Zoning Description	R3

Rooms

Level	Type	Length	Width	Dimensions

Utilities

Cable	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/27659196/97-queen-street-fort-erie-332-central-332-central