97 QUEEN Street, Fort Erie | Image 1

97 QUEEN Street

Fort Erie, 332 - Central

  • Commercial

$XXX,XXX
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R3

  • Age: 51-99 years

  • Taxes: 3097

  • MLS®#: X9866058

  • Days on Site: 4 Days

  • Added: Oct 27, 2024 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

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

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 #2 (Bachelor) $850, Apartment #1 (one bedroom - currently rented) $820, Apartment #3 (2 bedroom and currently rented) $769 and Apartment #4 (one bedroom - vacant) Potential rent $1250 . All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. Two units are currently vacant, providing an excellent opportunity for the new owner to take possession for personal use or set competitive rental rates for incoming tenants. 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.

Property

  • Status: Sale

  • Property Type: Investment

  • Age: 51-99

  • Area: Fort Erie

  • Community: 332 - Central

  • Availability Date: 60 DAYS

  • Assessment Amount: $182,000

  • Assessment Year: 2024

Inside

  • Bathrooms: 4

  • Air Conditioning: None

  • Washrooms: 4

Building

  • Basement: N

  • Heat Type: Other

  • UFFI: No

  • Water Supply: Municipal

Parking

  • Garage Type: Detached

  • Covered Parking Spaces: 3

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 5 PL 515 VILLAGE OF FORT ERIE AS IN RO769346 EXCEPT THE EA

  • Taxes: $3,097

  • Expenses: Est

  • Insurance Fee: 2000

  • Heat Expenses: 6700

Land

  • Cross Street: CENTRAL AVE

  • Municipality District: Fort Erie

  • Parcel Number: 642220109

  • Sewer: Sewers

  • Lot Depth: 66 Feet

  • Lot Frontage: 82.13 Feet

  • Zoning: R3

Commercial Specific

  • Total Area: 2000

  • Total Area Metric: Sq Ft

  • Area Influence: Park

  • Area Influence: Public Transit

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Car-Dependent

  • Most errands require a car.
44 /100

Somewhat Bikeable

  • Most errands require a car.
31 /100
Map of 97 QUEEN Street, Fort Erie
JK-8

John Brant Public School

Elementary: Public
11.70 km
JK-8

St Philomena Catholic Elementary School

Elementary: Catholic
4.37 km
JK-8

Stevensville Public School

Elementary: Public
11.43 km
JK-8

Peace Bridge Public School

Elementary: Public
0.97 km
JK-8

Garrison Road Public School

Elementary: Public
3.43 km
JK-8

Our Lady of Victory Catholic Elementary School

Elementary: Catholic
0.98 km
9-12

Greater Fort Erie Secondary School

Secondary: Public
5.17 km
9-12

Fort Erie Secondary School

Secondary: Public
1.64 km
9-12

Ridgeway-Crystal Beach High School

Secondary: Public
11.32 km
9-12

Westlane Secondary School

Secondary: Public
26.46 km
9-12

Stamford Collegiate

Secondary: Public
25.03 km
Pre-Grade 9-12

Saint Michael Catholic High School

Secondary: Catholic
25.74 km

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