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$625,000
Available - For Sale
Listing ID: X10203408
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) $820, Apartment #1 (one bedroom) $850, Apartment #3 (2 bedroom) $769 and Apartment #4 (one bedroom) rent $1250 . 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.
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Asking Price: $ Heating: $ /Year  
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Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $32,495 $64,990 $97,485 $129,980
First Mortgage $617,405 $584,910 $552,415 $519,920
CMHC/GE $16,978.64 $11,698.2 $9,667.26 $0
Total Financing $634,383.64 $596,608.2 $562,082.26 $519,920
Monthly P&I $2,717.02 $2,555.23 $2,407.35 $2,226.78
Expenses $0 $0 $0 $0
Total Payment $2,717.02 $2,555.23 $2,407.35 $2,226.78
Income Required $101,888.1 $95,821 $90,275.8 $83,504.14

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX NIAGARA REALTY LTD, BROKERAGE

97 Queen Stre , Fort Erie, L2A 1T9, Niagara

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Multiplex
Area: Niagara
Municipality: Fort Erie
Neighbourhood: 332 - Central
Style: 3-Storey
Lot Size: x 66.00(Feet)
Approximate Age: 51-99
Tax: $3,097
Maintenance Fee: $0
Beds: 4
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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