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Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $337
MLS Listing ID 40398768
Sold Date 05/23/23
Bedrooms 4
Abv Grd Liv Area 2,000
Originating Board Niagara
Annual Tax Amount $2,242
Property Description
NO DEEMING BY LAW AND C23 BILL makes this a unique opportunity. Ask agent for details.
Cash flowing turnkey duplex set on 5 separate 30ft lots only limited by your imagination. ‘NO DEEMING BY LAW’ means each lot could be sold without the need for severance!
Fort Erie is one of Niagara’s fastest growing communities and has experienced a high level of new developments both residential and commercial properties recently. Lots of options to make this a viable business or a great family home.
This duplex is currently generating $4300 per month inclusive and can be purchased with Vacant possession if required; option to live in one unit & rent out other.
Sell vacant lots to make the duplex even more affordable, potential to make extra money at a higher than average CAP rate. Currently property is running at 6+% with option to sell/ build on the extra lots(C23) which would then generate 8+% return.
The sellers may be willing to sell the property on its own if the additional land is not required (or a VTB can be arranged on the extra lots once the property is purchased).
Both units have their own furnace with thermostats that can be controlled remotely, own hydro, shared owned hot water (2022) Both units have 2 entrances with keypad entry. Upstairs is a 2/3 bedrooms, 2 bathrooms with showers, full size A/C, modern eat in kitchen. Lounge with lots of natural light. Main floor laundry outside access for shared use. Main floor unit has 2 bedrooms, eat in kitchen, large lounge with natural light, modern bathroom with shower. 2 entrances with keypad entry. Both units come fully furnished with newer appliances, smoke alarms and fire extinguishers. This is an opportunity not to be missed. 3D tours of both units available to view prior to any physical internal viewings. 17x17 deck and large yard surrounding the property, paved driveway for multiple vehicle parking. Seller willing to sell just the house alone with a price adjustment to reflect the amendment. (65493766)
Location
Province ON
County Niagara
Area Fort Erie
Zoning R2
Direction DOMINION RD TO ALBERT TO MACCABEE.(Maccabee is a dead end street).
Rooms
Other Rooms Shed(s)
Basement Crawl Space, Unfinished
Kitchen 0
Interior
Interior Features High Speed Internet, Separate Heating Controls, Separate Hydro Meters
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Window Features Window Coverings
Appliance Water Heater Owned, Hot Water Tank Owned, Dryer, Refrigerator, Stove, Washer
Laundry Electric Dryer Hookup, Laundry Room, Washer Hookup
Exterior
Garage Asphalt
Utilities Available Cable Available, Natural Gas Connected
Waterfront No
Waterfront Description Lake/Pond, River/Stream
Roof Type Asphalt Shing
Porch Deck
Lot Frontage 150.4
Lot Depth 90.32
Parking Type Asphalt
Garage No
Building
Lot Description Urban, Rectangular, Beach, Near Golf Course, Library, Major Highway, Marina, Playground Nearby, School Bus Route, Schools, Shopping Nearby, Trails
Faces DOMINION RD TO ALBERT TO MACCABEE.(Maccabee is a dead end street).
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal-Metered
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 642130147
Ownership Freehold/None
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