$399,000

For sale

70 Courtwright Street, Fort Erie (Central) - Multi-family for Sale

70 Courtwright Street, Fort Erie (Central), Ontario, L2A2R7

3 beds2 baths4 parking1,750 ft²55 × 135 ft (7,341 sq ft) lot sizeListed 93 days ago

Overview

This multi-family property in Fort Erie is for sale offering roughly 1,750 sq ft of space. It has been on the market 93 days, fresher than the Fort Erie average of 102 days.

Multi-Family Properties for Sale in Fort Erie →All real estate in Fort Erie →

Description

ATTENTION INVESTORS! INCOME ALREADY IN PLACE! Under $400,000! The front unit is now leased at $1,500/month, providing immediate rental income to the new owner. The spacious 2-bedroom rear unit is vacant and ready to be leased, with a proven rental history of $1,600/month - offering potential total rental income of approximately $3,100/month. This well-maintained duplex sits on a generous 54' x 135' lot and features two fully self-contained units, each with a private entrance, kitchen, bathroom, and in-suite laundry. Separate gas and hydro meters and no basement to maintain make this an easy-to-manage investment. Ideally located near the Niagara River, downtown amenities, parks, and waterfront trails, with potential long-term upside from ongoing waterfront development. Buy today, collect rent from Day 1! (id:66096)

Property Details

MLS®: X13638050
Property Type: Multi-family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 55 × 135 ft (7,341 sq ft)
Frontage: 55 ft
Storeys: 1
Basement: None
Heating: Baseboard heaters, Natural gas
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Property Tax: $2,596/yr
Listed: 93 days ago

Features

Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

93d

Fort Erie (Central) listings, avg age

102d

Price / ft²

$228

List price

$399K

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 multi-family in Fort Erie (Central) has been listed for 93 days, which is 9 days fresher than the city average of 102. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · Kaylee Luo

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2A)

This home lists at $399,000, about 5.5× the local median household income of $72,500.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 8% 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)

$399,000· $228/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$216/mo

Total monthly$2,318

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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