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$1,099,000
Fort Erie
338 ALBANY Street, Fort Erie, Ontario, L2A1L9
This 3-bedroom, 2-bathroom home in Fort Erie is for sale offering roughly 1,555 sq ft of space. It has been on the market 30 days, fresher than the Fort Erie average of 92 days.
ATTENTION DEVELOPERS! Exceptional 2+ Acre Development Opportunity in Central Fort Erie! Welcome to 338 Albany Street, an impressive all-brick raised bungalow offering over 3,000 sq ft of finished living space on an oversized property with significant future potential. The spacious 3-bedroom, 2-bathroom home features walkouts from both the upper and lower levels, providing excellent flexibility for a growing family, multi-generational living, or a potential in-law suite. The property offers exceptional parking and storage with an attached double garage plus an additional rear single garage, providing plenty of room for vehicles, recreational toys, hobbies and equipment. For developers, the real opportunity lies beyond the home. The property includes adjoining land with storm and sanitary sewer infrastructure already in place, along with road allowances, creating exciting potential for additional townhouse development, subject to required approvals. Ideally located in central Fort Erie, just minutes from parks, shopping and everyday amenities, while being around the corner from Lake Erie and the Friendship Trail. This is a rare opportunity to acquire substantial land, an existing spacious home, and significant future development potential in a growing community. Bring your vision and explore the possibilities. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 92 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 3-bed single family in Fort Erie has been listed for 30 days, which is 62 days fresher than the city average of 92. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,099,000, about 15.2× the local median household income of $72,500.
Carrying it typically needs a household income of about $214,673 (20% down, 25-yr amortization, stress-tested) — roughly 196% 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.