$569,900
Fort Erie
231-233 Jarvis Street, Fort Erie (Central), Ontario, L2A2S7
This multi-family property in Fort Erie is for sale offering roughly 2,750 sq ft of space.
Rare investment and live-in opportunity at 231-233 Jarvis St. in Fort Erie! Situated on a generous 50' x 138' lot just moments from historic Bridgeburg, the Niagara River, the Friendship Trail, the Peace Bridge, and quick QEW access, this unique property features two standalone buildings with a total of three units. Offering far more privacy and owner-occupancy appeal than a traditional triplex, it is ideal for first-time buyers looking for rental income to offset their mortgage, multi-generational families, or savvy investors seeking strong cash flow in a booming market. The front duplex consists of two well-designed 2-bedroom units, each boasting its own cozy gas fireplace and separate utility meters. The vacant upper unit has been freshly painted and upgraded with brand-new flooring and light fixtures, leaving you free to move right in or set your own market rents immediately. The lower unit is meticulously maintained and occupied by an excellent, reliable long-term tenant. Tucked behind for ultimate privacy is a separate 1,206 sq. ft. rear house featuring 3 bedrooms, an enclosed sunroom, and its own expansive backyard. Currently rented, this rear home offers immense potential for value-add renovations to maximize future appreciation. Enjoy complete peace of mind with newer roofs and windows on both structures. Positioned in an area experiencing great growth and high rental demand, this versatile, multi-building package represents one of the best real estate opportunities on the market today! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 105 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) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $569,900, about 7.9× the local median household income of $72,500.
Carrying it typically needs a household income of about $111,321 (20% down, 25-yr amortization, stress-tested) — roughly 54% 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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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.