21 Wintemute Street, Fort Erie | Image 1

21 Wintemute Street

Fort Erie

  • Commercial

$2,700,000
For Sale

Added 3 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RM2-585

  • Age: No Data

  • Taxes: 22521.14

  • MLS®#: X11950046

  • Days on Site: 4 Days

  • Added: Jan 31, 2025 (3 weeks ago)

  • Updated:

  • Last Checked: 6 hours ago

  • Listed By: RE/MAX NIAGARA REALTY LTD, BROKERAGE

Welcome to 21 Wintemute! This exceptional 9-unit apartment building has been meticulously rebuilt from the ground up, offering modern amenities and a turn-key investment opportunity. Each unit boasts its own gas forced air furnace and central air conditioning, ensuring personalized comfort year-round. With in-unit washer and dryer facilities, tenants enjoy unparalleled convenience. Generating an impressive $210,000+ in annual income, this property is a solid addition to any investment portfolio. The expansive parking lot provides ample space for tenants and guests, enhancing the property's appeal. Located just a short walk from the picturesque Niagara River and moments from downtown Fort Erie, the building is perfectly positioned for both residents and investors seeking accessibility and charm. Professionally managed and fully operational, 21 Wintemute represents a rare opportunity to own a hassle-free, income-generating property in a prime location. Don't miss out on this gem schedule a viewing today!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 136000

  • Area: Fort Erie

  • Availability Date: FLEXIBLE

  • Assessment Amount: $703,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • UFFI: No

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: Covered

  • Covered Parking Spaces: 18

Fees

  • Tax Year: 2024

  • Taxes: $22,521

  • Expenses: Act

  • Management Expense: 6500

  • Insurance Fee: 6400

  • Operating Fees: 71000

  • Hydro Expense: 7361

  • Heat Expenses: 4754

  • Taxes Type: Annual

  • Taxes: 22700

  • Tax Year: 2024

  • Water Fees: 5612

Land

  • Cross Street: TAIT AVE

  • Municipality District: Fort Erie

  • Parcel Number: 642280217

  • Sewer: Sanitary

  • Lot Depth: 176 Feet

  • Lot Frontage: 95.69 Feet

  • Zoning: RM2-585

Commercial Specific

  • Sprinklers: N

  • Total Area: 9000

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Building

  • Survey: N

  • Business/Building Name: 21 WINTEMUTE

  • Financial Statement: Y

  • Gross Income/Sales: 210000

Map of 21 Wintemute Street, Fort Erie
JK-8

St Joseph Catholic Elementary School

Elementary: Catholic
12.05 km
JK-8

St Philomena Catholic Elementary School

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5.26 km
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Stevensville Public School

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Peace Bridge Public School

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Garrison Road Public School

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Greater Fort Erie Secondary School

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Fort Erie Secondary School

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549 Garrison Road, Fort Erie | MLS: X9052331
For Sale
6 months ago
$3,250,000
  • 0 bath
  • 0 bed

549 Garrison Road, Fort Erie, Ontario • L2A 1N5 • Fort Erie