223-227 Gilmore Road, Fort Erie (Central), Ontario, L2A2M2




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$999,000
Fort Erie
This multi-family property in Fort Erie is for sale offering roughly 4,250 sq ft of space. It has been on the market 83 days, fresher than the Fort Erie average of 101 days.
Excellent investment opportunity- Five-unit apartment complex for sale. All five units are well-maintained. In addition, there are four one-bedroom units on the main level with stainless steel appliances and one three-bedroom unit on the second level. These units are located in the heart of Fort Erie, close to major highways and all amenities. Every unit features a separate parking space and hydro meter. A management company oversees four of the units. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 83 days on market, against an average age of 101 days across the listings currently for sale in this city
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.
This 7-bed multi-family in Fort Erie (Central) has been listed for 83 days, which is 18 days fresher than the city average of 101. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $999,000, about 13.8× the local median household income of $72,500.
Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 169% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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