$485,000

For sale

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264 Gilmore Road, Fort Erie (Central) - Single Family for Sale

264 Gilmore Road, Fort Erie (Central), Ontario, L2A2M3

beds

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Listed by ZOLO REALTY

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8 days ago

$630K

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301 Dufferin Street, Fort Erie (Central), Ontario, L2A2T8

For sale

8 days ago

$350K

301 Dufferin Street, Fort Erie (Central), Ontario, L2A2T8

4 bd2 ba5 pk1,300 ft²Lot size 50 × 122 ft (6,085 sq ft)

Listed by ROYAL LEPAGE NRC REALTY

Investment analysis

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$485,000

Fort Erie

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66 × 160 ft (10,618 sq ft) lot size

Overview

This 9-bedroom, 2-bathroom home in Fort Erie is for sale. Its $485,000 asking price sits right in line with the $482,000 median in Fort Erie.

Houses for Sale in Fort Erie →All real estate in Fort Erie →

Description

Attention investors, renovators, and handy buyers! Excellent opportunity in Fort Erie with strong upside potential. Property requires updates and improvements but offers great value for buyers looking to renovate, flip, rent, or build equity. Attractive pricing reflects the work needed and presents an excellent entry point into the market. Ideal for investment portfolio expansion or first-time buyers willing to add their personal touch. Seller has appraisal available for serious buyers. Motivated seller seeking quick sale. Property being sold in "as-is" condition. Don't miss this value-add opportunity in a growing area close to amenities, schools, shopping, and major routes. Excellent chance to own a unique property with multiple structures in a growing community close to highways. Don't miss this investment opportunity! (id:66096)

Property Details

MLS®: X13161338
Property Type: Single Family
Bedrooms: 9
Beds (above / below): 7 above · 2 below
Bathrooms: 2
Half Baths: 1
Parking: 4
Lot Size: 66 × 160 ft (10,618 sq ft)
Frontage: 66 ft
Storeys: 2
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,573/yr
Listed: 168 days ago

Features

Foundation: Concrete
Exterior: Vinyl siding, Shingles
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

168d

Fort Erie (Central) listings, avg age

102d

List price

$485K

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 9-bed single family in Fort Erie (Central) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CITYSCAPE REAL ESTATE LTD. · asif mehmood

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $485,000, about 6.7× the local median household income of $72,500.

Carrying it typically needs a household income of about $94,737 (20% down, 25-yr amortization, stress-tested) — roughly 31% 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)

$485,000

For sale

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Full Cost Breakdown

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Down Payment5% · $24,250

Min 5%50%

Mortgage payment$2,554/mo

↳ CMHC premium ($18,430 capitalized)

Property tax (est.)$131/mo

Total monthly$2,686

Cash Needed to Close

Down payment (5%)$24,250

Land transfer tax$6,175

Est. closing costs$3,955

Total cash needed$34,380

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