215 GARRISON ROAD, Fort Erie (Lakeshore)

$3,199,000

For sale: Other

Other at 215 GARRISON ROAD, Fort Erie (Lakeshore)
Property type
Investment
Bedrooms / bathrooms
23 bathrooms
MLS®
MLS® X13885644
Neighbourhood
333 - Lakeshore

Renovated 22-unit ensuite motel plus owner living quarters in a prime Fort Erie location, minutes from the Peace Bridge border crossing to Buffalo and approx. 30 km from Niagara Falls. Approx. 12,000 sq. ft. building on a 0.92-acre lot. Over $645k in capital upgrades in last three years: new roof, new heating and cooling in every room, upgraded electrical panel and wiring, new fire alarm system, new boilers and hot water tanks, new flooring, fresh paint throughout, new furniture, perimeter fencing, and a surveillance system with smart locks on all doors.Each of the 22 ensuite rooms features air conditioning, cable TV, fridge, microwave and private bathroom. The property also includes generous owner accommodation (separate owner/manager unit plus a 4-bedroom/2-bathroom suite), approx. 35 parking spaces.Ideal location on Hwy #3 with quick access to the Peace Bridge border crossing into Buffalo, New York, and the scenic Niagara Parkway. Minutes to Old Fort Erie, the Fort Erie Race Track, Lake Erie beaches including Crystal Beach, and championship golf courses. Town approval in place for seasonal student-residence use during the school year, offering added income flexibility. Clean Environmental Site Assessments available from 3 years ago. Rare opportunity to own a turn-key, income-producing motel at the gateway to Buffalo and Niagara.

Sold data

Homes in Lakeshore — recent sold market

Homes in Lakeshore took a median of 34 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 77, across 59 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.

The median sale price was $599,000.

Homes sold for about 2.3% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 32% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$599,000
Sale-to-list ratio
97.7%
Sold above asking
7%

Based on 59 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Fort Erie (Lakeshore)

Fort Erie (Lakeshore) 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 (Lakeshore)

  • 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 215 GARRISON ROAD