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$475,000

$495,000For salePrice drop↓ $20,000 (4%)

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346 Albany Street, Fort Erie (Lakeshore) - Single Family for Sale

346 Albany Street, Fort Erie (Lakeshore), Ontario, L2A1L9

3 beds2 baths4 parking1,750 ft²81 × 175 ft (14,175 sq ft) lot sizeListed 26 days ago

Overview

This 3-bedroom, 2-bathroom home in Fort Erie is for sale offering roughly 1,750 sq ft of space. Listed at $475,000, it is attractively priced about 25% below the $629,900 median asking price in Fort Erie. It has been on the market 26 days, fresher than the Fort Erie average of 107 days.

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Description

Charming Two-Unit Property - A Versatile Investment Opportunity or Excellent for family with InLaw set up! Discover the potential of this two-unit residential property, offering a versatile layout ideal for investors or buyers seeking additional living space. The main-level unit features two bedrooms, a four-piece bathroom, a spacious living and dining area, and a galley-style kitchen. The upper unit offers a large bedroom, a four-piece bathroom, and an open-concept kitchen and living area, creating a comfortable and functional living space. With two separate living units, this property presents an opportunity for rental income or flexible living arrangements. Whether you're looking to expand your investment portfolio or explore the possibilities of multi-unit living, this property is worth a closer look. Hardwood and tile flooring throughout. (id:66096)

Property Details

MLS®: X13881938
Property Type: Single Family
Zoning: R1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 81 × 175 ft (14,175 sq ft)
Frontage: 81 ft
Storeys: 1
Basement: Crawl space
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Bedroom: 3.46 x 3.48 meters
Bedroom 2: 5.24 x 3.53 meters
Kitchen: 2.57 x 2.43 meters
Laundry room: 2 x 1.53 meters
Great room: 7.08 x 3.95 meters

Second level

Bedroom: 3.43 x 4.58 meters
Family room: 4.42 x 3.44 meters

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

Features

Foundation: Block
Exterior: Steel, Aluminum siding
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Fort Erie (Lakeshore) listings, avg age

107d

Price / ft²

$271

List price

$475K

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 3-bed single family in Fort Erie (Lakeshore) has been listed for 26 days, which is 81 days fresher than the city average of 107. Act while there is still low competition.

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Listed by Century 21 Heritage House LTD · Dayna Blair-Denham

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $475,000, about 6.6× the local median household income of $72,500.

Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 28% 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)

$475,000· $271/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,750

Min 5%50%

Mortgage payment$2,502/mo

↳ CMHC premium ($18,050 capitalized)

Property tax (est.)$293/mo

Total monthly$2,794

Cash Needed to Close

Down payment (5%)$23,750

Land transfer tax$5,975

Est. closing costs$3,925

Total cash needed$33,650

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Open house

346 Albany Street, Fort Erie (Lakeshore) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L2A)

Book a showing

Full Cost Breakdown