131-139 NIAGARA BOULEVARD, Fort Erie (Central)

$2,500,000

For sale: Other

Other at 131-139 NIAGARA BOULEVARD, Fort Erie (Central)
Property type
Commercial Retail
MLS®
MLS® X12376122
Neighbourhood
332 - Central

Calling all investors! Welcome to 131-139 Niagara Boulevard, an approximately 14,000 sq. ft. mixed-use building offering incredible flexibility and growth potential under CMU6-612 zoning with the ability to expand up to 5 storeys. This solid concrete-and-brick structure is built to last, with the main utilities trunk line running through the center for ease of future modifications, and its ideally positioned on Niagara Boulevard with excellent visibility, close to major amenities, and even offering river views from select areas of the building. The property currently features 4 main floor commercial units (3 currently being rented) and 3 residential units, while a large back room and an abundance of additional space throughout the building allow for endless expansion possibilitieswhether thats more residential units, retail space, storage, or custom business use. Notably, a section of the building has been professionally built out and equipped as a recording studio, complete with specialized infrastructure that offers a unique opportunity for music, media, or production businesses to thrive, or for investors to capitalize on niche rental demand. Combined with a good-sized section of the lot available for parking, this is truly an investors dream and a rare chance to secure a high-value asset in a thriving area. This Property CAN BE SOLD AS A PACKAGE WITH 155 Niagara Boulevard (PIN: 644730148) and PT LT 2 Niagara Boulevard (PIN: 644730149). ALL THREE (3) PARCELS WOULD BE BEING SOLD TOGETHER FOR $3,500,000.00.

Sold data

Homes in Fort Erie (Central) — recent sold market

Homes in Fort Erie (Central) took a median of 37 days to sell over the last 90 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 77, across 183 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.

The median sale price was $549,000.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 34% of sellers reduced their price before finding a buyer.

Median days to sell
37
Median sale price
$549,000
Sale-to-list ratio
96.4%
Sold above asking
7%

Based on 183 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Fort Erie (Central)

Fort Erie (Central) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 6.5/10.

Rated schools
5
Elementary
4
Secondary
1
Average rating
6.5 / 10

Top-rated schools in Fort Erie (Central)

  • Garrison Road — elementary, Fort ErieFraser rating 7.8/10
  • St Philomena — elementary, Fort ErieFraser rating 7.3/10
  • General Vanier — elementary, Fort ErieFraser rating 6.8/10
  • Greater Fort Erie — secondary, Fort ErieFraser rating 5.5/10
  • Our Lady of Victory — elementary, Fort ErieFraser rating 5.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 131-139 NIAGARA BOULEVARD