245 Phipps Street Fort Erie, Ontario L2A 2V4
$699,000
Investors! Multi-residential income property with 3 units in the north end of Fort Erie, or live in the main floor unit and rent out the other two! The main floor unit has two bedrooms, den, wraparound porch, back deck and is heated by gas. The middle 2-bedroom unit and the upper one-bedroom unit with a flex space both have electric baseboard heaters. Separate entrances and hydro meters - Tenants pay for hydro. Recent updates include: new roof (2019), gutters and downspouts (2020), new main floor furnace (2020). Current Rental Income totals $2855/month with approximately $741 per month in expenses (hot water tank rental, insurance, taxes, water, gas). Easy access to the QEW highway at Bowen Rd, and a short walk to the Niagara River Parkway and Downton Bridgeburg. (id:47723)
Property Details
| MLS® Number | 40289650 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Schools |
| Features | Crushed Stone Driveway |
| Parking Space Total | 4 |
| Structure | Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 3 |
| Size Interior | 2400 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Place Of Worship, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 122 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/24807751/245-phipps-street-fort-erie
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August 25 2022 09:12:16
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage, RE/MAX Niagara Team Zing Realty Inc.