$750,000

For sale

416 Grandview Road, Fort Erie (Crescent Park), Ontario, L2A4T5

2 bd1 ba2 pk900 ft²Lot size 55 × 110 ft (6,050 sq ft)

Listed by RORE REAL ESTATE

1034 Kraft Road North, Fort Erie (Crescent Park), Ontario, L2A0H3

For saleJust listed

Yesterday

$900K

1034 Kraft Road North, Fort Erie (Crescent Park), Ontario, L2A0H3

4 bd4 ba4 pk3,250 ft²Lot size 40 × 114 ft (4,495 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

448 Buffalo Road, Fort Erie (Crescent Park), Ontario, L2A5G5

For saleJust listed

Yesterday

$420K

448 Buffalo Road, Fort Erie (Crescent Park), Ontario, L2A5G5

2 bd1 ba8 pk900 ft²Lot size 57 × 117 ft (6,686 sq ft)

Listed by KELLER WILLIAMS EDGE REALTY

682 Scott Avenue, Fort Erie (Crescent Park), Ontario, L2A5G2

For saleJust listed

2 days ago

$339K

682 Scott Avenue, Fort Erie (Crescent Park), Ontario, L2A5G2

3 bd1 ba5 pk1,300 ft²Lot size 80 × 110 ft (8,854 sq ft)

Listed by Century 21 Heritage House LTD

Investment analysis

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$750,000

Fort Erie

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1028 Garrison Road, Fort Erie (Crescent Park) - Single Family for Sale

1028 Garrison Road, Fort Erie (Crescent Park), Ontario, L2A1N9

3 beds1 bath4 parking900 ft²200 × 200 ft (40,000 sq ft) lot sizeListed 31 days ago

Overview

This 3-bedroom, 1-bathroom home in Fort Erie is for sale offering roughly 900 sq ft of space. It has been on the market 31 days, fresher than the Fort Erie average of 83 days.

Houses for Sale in Fort Erie →All real estate in Fort Erie →

Description

Excellent investment and redevelopment opportunity at 1028 Garrison Road, Fort Erie, situated in a highly visible location along busy Garrison Road/Highway #3. This substantial 200' x 200' property offers outstanding commercial exposure and excellent potential for investors, developers, or business owners looking to establish themselves along one of Fort Erie's major commercial corridors. The property is currently improved with a 3-bedroom detached home and detached garage, providing the opportunity for immediate use or potential rental income while future development plans are explored. With its generous lot size, high-traffic location, and strong redevelopment potential, this property presents a unique opportunity for a variety of future commercial possibilities. Conceptual development drawings are available and showcase just some of the potential this property may offer. Buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, servicing, and future development opportunities. This property has frontage on both Garrison Road as well as Spears Road. (id:66096)

Property Details

MLS®: X13867160
Property Type: Single Family
Zoning: CMU-3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 200 × 200 ft (40,000 sq ft)
Frontage: 200 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,292/yr
Listed: 31 days ago

Rooms

Main level

Kitchen: 3.75 x 3.09 meters
Living room: 5.08 x 4.11 meters
Bedroom: 3.93 x 2.99 meters
Bedroom: 3.91 x 2.99 meters
Bedroom: 3.6 x 3.12 meters
Bathroom: 1.52 x 2.44 meters

Basement

Recreational, Games room: 8.99 x 3.73 meters
Workshop: 5.79 x 3.96 meters
Laundry room: 4.19 x 3.55 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Poured Concrete
Exterior: Aluminum siding
Lot Features: Level lot, Lighting

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Fort Erie (Crescent Park) listings, avg age

83d

Price / ft²

$833

List price

$750K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Fort Erie (Crescent Park) has been listed for 31 days, which is 52 days fresher than the city average of 83. Act while there is still low competition.

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Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE · Ray J Rosettani

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $750,000, about 10.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $146,501 (20% down, 25-yr amortization, stress-tested) — roughly 102% above the area median.

Median household income: $72,500
Population: 17,293
Median age: 49.2
Owner / renter: 74% / 26%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L2A)

$750,000· $833/ft²

For sale

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Full Cost Breakdown

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Down Payment6.67% · $50,000

Min 6.67%50%

Mortgage payment$3,881/mo

↳ CMHC premium ($28,000 capitalized)

Property tax (est.)$274/mo

Total monthly$4,155

Cash Needed to Close

Down payment (6.67%)$50,000

Land transfer tax$11,475

Est. closing costs$4,750

Total cash needed$66,225

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