$385,000

$399,500For salePrice drop↓ $14,500 (4%)

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305 Phipps Street South, Fort Erie (Central) - Single Family for Sale

305 Phipps Street South, Fort Erie (Central), Ontario, L2A2V7

2 beds1 bath parking

82 Waterloo Street, Fort Erie (Central), Ontario, L2A3J7

2 bd1 ba1 pk900 ft²Lot size 30 × 198 ft (5,841 sq ft)

Listed by ZOLO REALTY

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For saleJust listed

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3 bd4 ba30 pkLot size 30 × 68 ft (2,045 sq ft)

Listed by REVEL Realty Inc., Brokerage

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8 days ago

$630K

163 Champlain Drive, Fort Erie (Central), Ontario, L2A1Z9

4 bd4 ba4 pk1,750 ft²Lot size 56 × 180 ft (10,026 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

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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$385,000

Fort Erie

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Overview

This 2-bedroom, 1-bathroom home in Fort Erie is for sale offering roughly 900 sq ft of space. Listed at $385,000, it is attractively priced about 20% below the $482,000 median asking price in Fort Erie. It has been on the market 37 days, fresher than the Fort Erie average of 102 days.

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

Description

Fantastic opportunity to own this move-in-ready home and start building equity. Perfect for first- time buyers! Welcoming covered front porch leads into the flowing first floor layout. From living room to dining to kitchen. Wainscotting, hard wood flooring accents. Upstairs 2 bedrooms with closets, 4 pce bath with storage area. Kitchen includes fridge, stove, bi dishwasher. Basement family room for added space. Private courtyard setting in backyard. Plenty of space for family BBQs, children's play area, and pups. 2 minutes away from downtown shopping. Updates include asphalt roof shingles, siding, soffit, fascia, eaves, most windows, sump pump & weeping tile. (id:66096)

Property Details

MLS®: X13844700
Property Type: Single Family
Zoning: R2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 38 × 122 ft (4,564 sq ft)
Frontage: 38 ft
Storeys: 1
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,331.25/yr
Listed: 37 days ago

Rooms

Main level

Kitchen: 3.1 x 3.05 meters
Living room: 4.66 x 3.5 meters
Dining room: 4.05 x 2.89 meters

Second level

Bedroom: 3.44 x 3.2 meters
Bedroom 2: 3.2 x 2.89 meters
Bathroom: 2.89 x 1.83 meters

Basement

Recreational, Games room: 5.49 x 3.53 meters
Utility room: 5.49 x 3.83 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

37d

Fort Erie (Central) listings, avg age

102d

Price / ft²

$428

List price

$385K

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.

Area context

Neighbourhood profile (L2A)

This home lists at $385,000, about 5.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $75,204 (20% down, 25-yr amortization, stress-tested) — roughly 4% 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)

$385,000· $428/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,250

Min 5%50%

Mortgage payment$2,028/mo

↳ CMHC premium ($14,630 capitalized)

Property tax (est.)$194/mo

Total monthly$2,222

Cash Needed to Close

Down payment (5%)$19,250

Land transfer tax$4,250

Est. closing costs$3,655

Total cash needed$27,155

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

305 Phipps Street South, Fort Erie (Central) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

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Market Timing

Location

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Neighbourhood profile (L2A)

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