$479,900

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14 EMERICK Avenue, Fort Erie (Central) - Multi-family for Sale

14 EMERICK Avenue, Fort Erie (Central), Ontario, L2A2W3

5 beds2 baths6 parking50 × 204 ft (10,200 sq ft) lot sizeListed 179 days ago

Overview

This multi-family property in Fort Erie is for sale.

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Description

Legal duplex just steps from the beautiful Niagara River on a huge 50' x 204' fully fenced lot with detached garage and potential for future Accessory Dwelling Unit development. This 2-storey brick home is currently leased to great long-term tenants featuring a 2-bedroom main floor unit and an upper 2 bedroom + den unit. The main floor unit has beautiful hardwood floors throughout, updated kitchen and bath with large dining and living room. The upper 2-bedroom unit features a private balcony with views of the Niagara River, the perfect spot to relax and unwind, as well as updated bathroom and kitchen. There are separate utilities for each unit. Several updates have been completed to the home in the recent years including a new roof, water proofing, foundation repairs, updated bathrooms, updated hydro services, eavestrough screens & vent cover boxes, new water line with 2 new shutoffs in basement & new hose bib providing improved peace of mind for the future. Lots of off street parking. Minimum 24 hours for all showings, preferably Monday to Friday between 9am - 3pm. There may be extra flexibility with enough notice. Photos are from previous listings. (id:66096)

Property Details

MLS®: X13106526
Property Type: Multi-family
Zoning: R2
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 6
Lot Size: 50 × 204 ft (10,200 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Full
Heating: Forced air, Natural gas
Cooling: Wall unit
Garage: Detached Garage, Garage
Property Tax: $2,819/yr
Listed: 179 days ago

Rooms

Upper Level

Kitchen: 3.72 x 3.47 meters
Bathroom: 1.58 x 2.83 meters
Bedroom: 3.08 x 2.9 meters
Bedroom 2: 2.9 x 3.5 meters
Bedroom 3: 3.87 x 3.08 meters
Living room: 4.69 x 3.54 meters

Lower level

Bedroom: 3.26 x 2.83 meters
Bedroom 2: 3.69 x 3.08 meters
Kitchen: 4.42 x 2.35 meters
Bathroom: 1.52 x 3.41 meters

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer
Flooring: Tile, Hardwood, Vinyl
Foundation: Stone
Exterior: Brick
Lot Features: Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

179d

Fort Erie (Central) listings, avg age

101d

List price

$480K

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 5-bed multi-family in Fort Erie (Central) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Century 21 Heritage House LTD · Rebecca Scarlett

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $479,900, about 6.6× the local median household income of $72,500.

Carrying it typically needs a household income of about $93,741 (20% down, 25-yr amortization, stress-tested) — roughly 29% 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)

$479,900

For sale

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Full Cost Breakdown

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Down Payment5% · $23,995

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,236 capitalized)

Property tax (est.)$235/mo

Total monthly$2,763

Cash Needed to Close

Down payment (5%)$23,995

Land transfer tax$6,073

Est. closing costs$3,940

Total cash needed$34,008

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14 EMERICK Avenue, Fort Erie (Central) - Multi-family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L2A)

Book a showing

Full Cost Breakdown