$350,000
For sale: Multiplex

Investment opportunity in Central Fort Erie - a great opportunity to live in one unit and rent out the other! This up-and-down duplex offers two self-contained units, both currently occupied by month-to-month tenants, providing an opportunity for an investor to add a tenanted property to their portfolio. The building offers approximately 1,603 sq. ft. above grade with a total of 4 bedrooms, 2 kitchens and 2 four-piece bathrooms. Both units are heated by natural gas, and with both hot water heater. Additional features include an unfinished basement, detached single garage, mutual driveway with parking for three vehicles. Located near Bertie Street and Douglas Street with convenient access to amenities and the Peace Bridge.
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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.
Based on 183 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Fort Erie (Central) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 6.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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