97 Queen Street

Fort Erie, L2A 1T9
FOR SALE
$625,000
97 Queen Street, Fort Erie
97 Queen Street
97 Queen Street
97 Queen Street
97 Queen Street
97 Queen Street
Investment
CATEGORY
2,000 Sq Ft
TOTAL AREA
X12329884
MLSID
Contact 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.
Property Details
Address
97 Queen Street
Community
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
Listing contracted with Re/Max Niagara Realty Ltd, Brokerage
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