Description

Excellent opportunity in a high-traffic location along a main route into Fort Erie. This irregularly shaped parcel offers excellent exposure and is zoned C2 Commercial, providing potential for a variety of commercial uses, subject to municipal approvals. The site was formerly improved with a hotel, which has since been demolished, offering a cleared property ready for its next chapter. A great opportunity for investors, developers, or business owners looking for a highly visible location with convenient access to Fort Erie amenities, major roadways, and the U.S. border. (id:66096)

Market Timing

Days on market

69d

Fort Erie (Central) listings, avg age

101d

List price

$100K

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 vacant land in Fort Erie (Central) has been listed for 69 days, which is 32 days fresher than the city average of 101. Act while there is still low competition.

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Area context

Neighbourhood profile (L2A)

This home lists at $99,900, about 1.4× the local median household income of $72,500.

Carrying it typically needs a household income of about $19,514 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$99,900

For sale

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Financing

Need a commercial mortgage?

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372 Gilmore Road, Fort Erie (Central) - Vacant Land for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L2A)

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Need a commercial mortgage?