97 Queen Street
Fort Erie, L2A 1T9
FOR SALE
$625,000

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Investment
CATEGORY2,000 Sq Ft
TOTAL AREAX12329884
MLSIDContact Us
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.
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Property Details
Address
97 Queen Street
Community
City
Postal Code
L2A 1T9
Property Type
Investment, Investment
Use
Apartment
Zoning
R3
Lot Size
82' x 66'
Total Area
2,000 Sq Ft
Taxes
$3,097 (2024
Heat Type
Other
Water
Municipal
Parking Spaces
3
Garage Type
Double Detached
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Listing contracted with Re/Max Niagara Realty Ltd, Brokerage
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