Sold on May 23, 2023
Note: Property is not currently for sale or for rent.
-
Type: Detached
-
Style: 2-Storey
-
Lot Size: 150.4 x 90.32 Acres
-
Age: No Data
-
Taxes: $2,243 per year
-
Days on Site: 47 Days
-
Added: Jul 03, 2024 (1 month on market)
-
Updated:
-
Last Checked: 7 hours ago
-
MLS®#: X8499564
-
Listed By: Royal lepage nrc realty
NO DEEMING BY LAW AND C23 BILL makes this a unique opportunity. Ask agent for details. Cash flowing turnkey duplex set on 5 separate 30ft lots only limited by your imagination. 'NO DEEMING BY LAW' means each lot could be sold without the need for severance! Fort Erie is one of Niagara's fastest growing communities and has experienced a high level of new developments both residential and commercial properties recently. Lots of options to make this a viable business or a great family home. This duplex is currently generating $4300 per month inclusive and can be purchased with Vacant possession if required; option to live in one unit & rent out other. Sell vacant lots to make the duplex even more affordable, potential to make extra money at a higher than average CAP rate. Currently property is running at 6+% with option to sell/ build on the extra lots(C23) which would then generate 8+% return. The sellers may be willing to sell the property on its own if the additional land is not required (or a VTB can be arranged on the extra lots once the property is purchased). Both units have their own furnace with thermostats that can be controlled remotely, own hydro, shared owned hot water (2022) Both units have 2 entrances with keypad entry. Upstairs is a 2/3 bedrooms, 2 bathrooms with showers, full size A/C, modern eat in kitchen. Lounge with lots of natural light. Main floor laundry outside access for shared use. Main floor unit has 2 bedrooms, eat in kitchen, large lounge with natural light, modern bathroom with shower. 2 entrances with keypad entry. Both units come fully furnished with newer appliances, smoke alarms and fire extinguishers. This is an opportunity not to be missed. 3D tours of both units available to view prior to any physical internal viewings. 17x17 deck and large yard surrounding the property, paved driveway for multiple vehicle parking. Seller willing to sell just the house alone with a price adjustment to reflect the amendment. (65493766)
Status
Days on Market: 47
Last Status: Sold
Sold Date: May 23, 2023
Closed Date: Jun 28, 2023
Expiry Date: Jun 12, 2023
Sold Price: $675,000
Unavailable Date: May 23, 2023
Input Date: Apr 06, 2023
Prior LSC: Sold
Property
Status: Sale
Property Type: Detached
Style: 2-Storey
Area: Fort Erie
Availability Date: FLEX
Assessment Amount: $147,000
Assessment Year: 2020
Inside
Bedrooms: 4
Bathrooms: 3
Kitchens: 2
Rooms: 10
Air Conditioning: Central Air
Fireplace: No
Washrooms: 3
Utilities
Gas: Yes
Cable: Available
Building
Basement: Unfinished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Vinyl Siding
Elevator: N
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Other
Garage Type: None
Covered Parking Spaces: 4
Fees
Tax Year: 2022
Tax Legal Description: PLAN 48 L 31 TO 35 NP388
Taxes: $2,243
Land
Cross Street: ALBERT ST
Municipality District: Fort Erie
Parcel Number: 642130147
Pool: None
Sewer: Sewers
Lot Depth: 90.32 Acres
Lot Frontage: 150.4 Acres
Acres: < .50
Zoning: R2
John Brant Public School
Elementary: PublicSt Philomena Catholic Elementary School
Elementary: CatholicSt George Catholic Elementary School
Elementary: CatholicPeace Bridge Public School
Elementary: PublicGarrison Road Public School
Elementary: PublicOur Lady of Victory Catholic Elementary School
Elementary: CatholicGreater Fort Erie Secondary School
Secondary: PublicFort Erie Secondary School
Secondary: PublicRidgeway-Crystal Beach High School
Secondary: PublicWestlane Secondary School
Secondary: PublicStamford Collegiate
Secondary: PublicSaint Michael Catholic High School
Secondary: Catholic
