$399,900

For sale

15 Phipps Street, Fort Erie (Central) - Single Family for Sale

15 Phipps Street, Fort Erie (Central), Ontario, L2A2V1

2 beds2 baths2 parking900 ft²37 × 76 ft (2,782 sq ft) lot sizeListed 46 days ago

Overview

This 2-bedroom, 2-bathroom home in Fort Erie is for sale offering roughly 900 sq ft of space. Listed at $399,900, it is attractively priced about 17% below the $482,000 median asking price in Fort Erie. It has been on the market 46 days, fresher than the Fort Erie average of 102 days.

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Description

This move-in-ready 1.5-storey home is just steps from the Niagara River with views of the Buffalo skyline. Located in a quiet, family-friendly Fort Erie neighbourhood, this low-maintenance property blends character with modern convenience. Featuring 2 bedrooms, 1.5 bathrooms, heated floors throughout the main level, SMART-controlled heat pumps for efficient heating and cooling, and a fully renovated kitchen with updated cabinetry, countertops, backsplash, and included SMART appliances. Recent updates include flooring, bathroom renovation (2023), crawlspace encapsulation (2021), fencing (2022), asphalt driveway + concrete pad (2019), irrigation system (2022), and more. The updated and encapsulated crawlspace provides added peace of mind, without the worry of a traditional basement and its potential for leaks or flooding. Enjoy morning coffee from the front porch, waterfront walks just seconds away, and peaceful year-round views of the river. Detached workshop/living space includes its own heat pump and updated hydro for added flexibility and comfort, with an easy switchover for future garage usage. A fantastic opportunity for buyers seeking lifestyle, comfort, and modern upgrades in a prime location near the water. (id:66096)

Property Details

MLS®: X13808404
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 37 × 76 ft (2,782 sq ft)
Frontage: 37 ft
Storeys: 1
Basement: Crawl space, None
Heating: Heat Pump, Baseboard heaters, Radiant heat, Natural gas
Cooling: Window air conditioner, Wall unit
Garage: Other, No Garage
Ownership: Freehold
Property Tax: $2,528/yr

Rooms

Main level

Kitchen: 4.04 x 3.78 meters
Living room: 5.03 x 5.79 meters
Bathroom: 2.46 x 1.96 meters
Laundry room: 2.87 x 2.67 meters
Mud room: 2.34 x 1.24 meters

Upper Level

Primary Bedroom: 3.48 x 4.06 meters
Bedroom 2: 2.87 x 3.12 meters
Bathroom: 1.47 x 1.12 meters

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

Features

Appliances: All, Window Coverings, Water Heater - Tankless, Water Heater
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Fort Erie (Central) listings, avg age

102d

Price / ft²

$444

List price

$400K

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 2-bed single family in Fort Erie (Central) has been listed for 46 days, which is 56 days fresher than the city average of 102. Act while there is still low competition.

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Listed by REVEL Realty Inc., Brokerage · Mathew Vecia

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $399,900, about 5.5× the local median household income of $72,500.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 8% 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)

$399,900· $444/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$211/mo

Total monthly$2,317

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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