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$599,000
Fort Erie
242 Henrietta Street, Fort Erie (Central), Ontario, L2A2K7
This 6-bedroom, 2-bathroom home in Fort Erie is for sale offering roughly 2,250 sq ft of space. It has been on the market 83 days, fresher than the Fort Erie average of 102 days.
INVESTMENT OPPORTUNITY WITH INCOME POTENTIAL! This spacious 2 unit property offers two - 3 bedroom,1 bath units, providing an excellent opportunity for investors, multi-generational living, an owner-occupier looking to offset their housing costs with rental income, or the possibility of converting two units into one unit to create a spacious beautiful large family home! Both units are currently leased. The generous size lot provides plenty of outdoor space, while 2 separate driveways and a detached double garage offer excellent parking and storage options. The basement is common area shared by both units and provides access to laundry facilities. With 6 bedrooms, 3 bathrooms (one of which is the 3 piece bathroom in basement, but will require renovation by the new owner), 2 separate living units, 2 driveways and a detached double car garage, this property offers a combination of space and flexibility that is difficult to find. Whether you are an investor looking to add a multi-residential property to your portfolio, or an owner-occupier seeking a home with income potential, or you wish to convert it to a single family home, this property offers multiple possibilities. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 83 days on market, against an average age of 102 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 6-bed single family in Fort Erie (Central) has been listed for 83 days, which is 19 days fresher than the city average of 102. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,000, about 8.3× the local median household income of $72,500.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 61% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2A)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.