$595,000

For sale

245 Stanton Street, Fort Erie (Central) - Multi-family for Sale

245 Stanton Street, Fort Erie (Central), Ontario, L2A3N8

4 beds4 baths3 parking2,750 ft²41 × 136 ft (5,630 sq ft) lot sizeListed 61 days ago

Overview

This multi-family property in Fort Erie is for sale offering roughly 2,750 sq ft of space. It has been on the market 61 days, fresher than the Fort Erie average of 101 days.

Multi-Family Properties for Sale in Fort Erie →All real estate in Fort Erie →

Description

Attention Investors: exceptional duplex with immediate income potential! Unlock a lucrative real estate opportunity with this side-by-side duplex generating a combined rental potential of $4,200/month. The front unit is presently rented to provide immediate cash flow, while the back unit is vacant, which is perfect for finding your own tenant or moving in yourself! Unit 1 (Front - Rented): Generous 1,400 sqft. family-friendly layout. Features a main-floor bedroom with a 3-piece ensuite, two additional upper-level bedrooms, a full second-floor bath, second-floor laundry hookups, a cozy fireplace, and an efficient gas furnace. Unit 2 (Back - Vacant): Modern and functional 1,100 sqft. layout. Includes a main-floor bedroom with a 3-piece ensuite, two upper bedrooms, a full bath, kitchen laundry, climate-controlled air conditioning, an energy-efficient heat pump, and direct access to a large, shared backyard with a storage shed. Dedicated parking spaces for each unit plus extra parking on a quiet street. Located just steps from the picturesque Niagara River and its scenic trails. Enjoy a perfect lifestyle balance with local shops and dining nearby, plus effortless commuting just minutes from the QEW and the Peace Bridge. Don't miss out on this versatile property - book your private tour today! (id:66096)

Property Details

MLS®: X13744480
Property Type: Multi-family
Zoning: R2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 4
Parking: 3
Interior Size: 2,750 ft²
Lot Size: 41 × 136 ft (5,630 sq ft)
Frontage: 41 ft
Storeys: 2
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Wall unit
Garage: No Garage
Property Tax: $3,032/yr
Listed: 61 days ago

Rooms

Main level

Living room: 6.48 x 3.63 meters
Bathroom: 0.61 x 1.37 meters
Kitchen: 3.84 x 4.09 meters
Bathroom: 0.61 x 1.37 meters
Living room: 6.12 x 3.48 meters
Kitchen: 4.37 x 3.78 meters
Primary Bedroom: 3.28 x 3.66 meters

Second level

Bedroom: 2.51 x 4.65 meters
Bedroom: 4.29 x 2.82 meters
Bathroom: 1.52 x 1.83 meters

Features

Foundation: Block
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

61d

Fort Erie (Central) listings, avg age

101d

Price / ft²

$216

List price

$595K

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 4-bed multi-family in Fort Erie (Central) has been listed for 61 days, which is 40 days fresher than the city average of 101. Act while there is still low competition.

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Listed by REVEL Realty Inc., Brokerage · Rob MacIntosh

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $595,000, about 8.2× the local median household income of $72,500.

Carrying it typically needs a household income of about $116,224 (20% down, 25-yr amortization, stress-tested) — roughly 60% 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)

$595,000· $216/ft²

For sale

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Full Cost Breakdown

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Down Payment5.80% · $34,500

Min 5.80%50%

Mortgage payment$3,108/mo

↳ CMHC premium ($22,420 capitalized)

Property tax (est.)$253/mo

Total monthly$3,360

Cash Needed to Close

Down payment (5.80%)$34,500

Land transfer tax$8,375

Est. closing costs$4,285

Total cash needed$47,160

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