$525,000
Fort Erie
387 Elmwood Avenue, Fort Erie (Crystal Beach), Ontario, L0S1B0
This 3-bedroom, 3-bathroom home in Fort Erie is for sale offering roughly 1,300 sq ft of space. Listed at $525,000, it is attractively priced about 22% below the $674,999 median asking price in Fort Erie. It has been on the market 6 days, fresher than the Fort Erie average of 85 days.
**3 DETACHED BUNGALOWS, ONE LOT, ENDLESS POSSIBILITIES!** That's right, you're getting THREE separate, fully winterized, one-bedroom bungalows, all sold together as ONE package deal, just steps from Crystal Beach! Whether you're looking to expand your investment portfolio, live in one and rent out the other two, or create the perfect setup for multi-generational living (close to the in-laws, but not TOO close!), this is an opportunity you don't see every day. All three units are VACANT and ready for immediate possession, giving you the freedom to choose your own tenants, set your own rental rates (Previously rented for $1400+hydro each), or move right in! Each bright and inviting bungalow features one bedroom, a 4-piece bathroom, an open-concept kitchen and living area, and vaulted ceilings that make the space feel surprisingly spacious. Extensively updated over the past 13 years, improvements include spray foam insulation in the walls, ceilings and crawl spaces, windows, roofs (2018), vinyl siding, updated kitchens and bathrooms, flooring, electrical, plumbing, private decking and stamped concrete walkways. Each bungalow also features ductless heating and air conditioning (installed in 2022), plus back up electric baseboard heating for year-round comfort. Here's where it gets even better: All three bungalows share ONE property tax bill and ONE water/sewer bill, with THREE separate hydro meters. No natural gas bills to worry about! Enjoy the convenience of three independent living spaces on one property, within walking distance of Crystal Beach, local restaurants, shops and everything this vibrant beach community has to offer. Three bungalows. One property. Your tenants, your family, your future plans. Vacant, versatile and ready for its next chapter! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 6 days on market, against an average age of 85 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 (Crystal Beach) has been listed for 6 days, which is 79 days fresher than the city average of 85. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $525,000, about 5.5× the local median household income of $95,000.
Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0S)
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