$414,900

For sale

255 Jarvis Street, Fort Erie (Central) - Multi-family for Sale

255 Jarvis Street, Fort Erie (Central), Ontario, L2A2S7

6 beds3 baths2 parking2,250 ft²50 × 138 ft (6,910 sq ft) lot sizeListed 19 days ago

Overview

This multi-family property in Fort Erie is for sale offering roughly 2,250 sq ft of space. It has been on the market 19 days, fresher than the Fort Erie average of 101 days.

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Description

Investors take notice! This updated two-storey triplex property features 3 spacious 2 bedroom units with plenty of recent updates. The property is located in central Fort Erie, minutes from the scenic Niagara River, parks, trails, boating / fishing, shopping and all amenities. Each unit features; 2 bedrooms, large living room and kitchen spaces, full bathrooms, high ceilings, updated flooring and self contained laundry. The exterior features private single wide driveway, detached single car garage and a huge backyard. There is electric heating in all units and 3 separate hydro meters which allows the tenants to pay their own hydro/heating bills. Shop and compare, great opportunity for those looking for an investment property. (id:66096)

Property Details

MLS®: X14085676
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 3
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 50 × 138 ft (6,910 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Detached Garage, Garage
Property Tax: $2,637/yr
Listed: 19 days ago

Rooms

Main level

Kitchen: 4.22 x 3.4 meters
Living room: 4.94 x 3.87 meters
Living room: 3.82 x 3.4 meters
Bedroom: 3.55 x 2.93 meters
Bedroom 2: 5.21 x 2.58 meters
Kitchen: 3.94 x 3.35 meters
Living room: 4.44 x 3.36 meters
Bedroom: 3.5 x 2.29 meters
Bedroom 2: 3.57 x 2.84 meters
Office: 3.51 x 1.81 meters
Kitchen: 4.08 x 3.36 meters

Features

Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Fort Erie (Central) listings, avg age

101d

Price / ft²

$184

List price

$415K

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 6-bed multi-family in Fort Erie (Central) has been listed for 19 days, which is 82 days fresher than the city average of 101. Act while there is still low competition.

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Listed by ROYAL LEPAGE NRC REALTY · Tino Giancola

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $414,900, about 5.7× the local median household income of $72,500.

Carrying it typically needs a household income of about $81,044 (20% down, 25-yr amortization, stress-tested) — roughly 12% 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)

$414,900· $184/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment5% · $20,745

Min 5%50%

Mortgage payment$2,185/mo

↳ CMHC premium ($15,766 capitalized)

Property tax (est.)$220/mo

Total monthly$2,405

Cash Needed to Close

Down payment (5%)$20,745

Land transfer tax$4,773

Est. closing costs$3,745

Total cash needed$29,263

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