$315,000

For sale

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#2 69 Hagey Avenue, Fort Erie (Central) - Single Family for Sale

#2 69 Hagey Avenue, Fort Erie (Central), Ontario, L2A1W5

4 beds2 baths1 parking ft²

#1 252 Bertie Street, Fort Erie (Central), Ontario, L2A1Z6

2 bd2 ba1 pk1,100 ft²+$435/mo

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

Investment analysis

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$315,000

Fort Erie

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Overview

This 4-bedroom, 2-bathroom condo in Fort Erie is for sale offering roughly 1,100 sq ft of space. Its $315,000 asking price sits right in line with the $315,000 median in Fort Erie. It has been on the market 16 days, fresher than the Fort Erie average of 101 days.

Condos for Sale in Fort Erie →All real estate in Fort Erie →

Description

Enter the market in style! Great value in the heart of Fort Erie - Fully Renovated 3 bedroom, 2 bathroom townhome in one of Niagara's most affordable complexes makes this the perfect family home or turn key investment property. Minutes drive to the border, downtown core and Fort Erie Race Track. Close to schools, amenities and QEW access. (id:66096)

Property Details

MLS®: X14097614
Property Type: Single Family
Zoning: Rm1
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Condo Fee: $420/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,600/yr
Listed: 16 days ago

Market Timing

Days on market

16d

Fort Erie (Central) listings, avg age

101d

Price / ft²

$286

List price

$315K

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.

Area context

Neighbourhood profile (L2A)

This home lists at $315,000, about 4.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $61,531 (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)

$315,000· $286/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,750

Min 5%50%

Mortgage payment$1,659/mo

↳ CMHC premium ($11,970 capitalized)

Property tax (est.)$217/mo

Condo fee$420/mo

Total monthly$2,296

Cash Needed to Close

Down payment (5%)$15,750

Land transfer tax$3,200

Est. closing costs$3,445

Total cash needed$22,395

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#2 69 Hagey Avenue, Fort Erie (Central) - Single Family for Sale

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