387 Elmwood Ave
337 - Crystal Beach, Fort Erie, L0S 1B0
FOR SALE
$699,900
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3
BEDROOMS3
BATHROOMS3
KITCHENS9
ROOMSX11988507
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Property Description
Just steps to Crystal Beach & a short stroll to shopping, and restaurants, this unique triplex is sure to impress. 387 Elmwood Avenue features 3 detached, 1 bedroom bungalows. For those looking to host an airbnb or have the best place to enjoy their summer months with friends and family, this trio ticks all the boxes. These homes are winterized & made for year round living! Over the last 13 years the cottages have had a major revamp including foam insulated walls, ceilings & crawl spaces; windows; roofs on 2 (2018); vinyl siding; private decks; new kitchens & baths; flooring; paint; stamped concrete walkway; wiring; plumbing and more. They each have their own ductless heat & AC units (installed in 2022) as well as electric baseboards. All 3 units are bright and fresh 1 bedrooms, with 4 piece bathrooms, open concept kitchen/living & vaulted ceilings. If you've watched the growth of the Tiny House movement over the years and you're ready to simplify & downsize your life, or looking to expand the rental portfolio, all three units are vacant and ready for your future plans.
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Property Features
Beach, Lake/Pond, Park
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Property Details
Street
Community
City
Property Type
Triplex, Bungalow
Lot Size
33' x 80'
Fronting
West
Taxes
$2,382 (2024)
Basement
Crawl Space
Exterior
Vinyl Siding
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
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Fort Erie Market Statistics
Fort Erie Price Trend
387 Elmwood Ave is a 3-bedroom 3-bathroom home listed for sale at $699,900, which is $147,387 (26.7%) higher than the average sold price of $552,513 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Fort Erie increased by $65,513 (13.5%) compared to the previous 30 day period (December 22 - January 20) and down $2,487 (0.4%) from the same time one year ago.Inventory Change
There were 52 3-bedroom homes listed in Fort Erie over the last 30 days (January 21 - February 19), which is up 13.0% compared with the previous 30 day period (December 22 - January 20) and up 116.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Fort Erie typically sold ($26,695) (4.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $4,017 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,000) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Fort Erie over the last 30 days (January 21 - February 19) stood at 44.2%, up from 30.4% over the previous 30 days (December 22 - January 20) and down from 62.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Fort Erie stood at 44 days when successfully sold over the last 30 days (January 21 - February 19), compared to 112 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Nrc Realty
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