$799,000
For sale: Multiplex

**Attention Investors - Exceptional Multi-Family Opportunity! **Welcome to 258 Henrietta Street, a turnkey 5-unit investment property offering impressive income potential in the rapidly growing community of Fort Erie. Situated on a substantial 82' x 233' lot, this well-maintained property combines immediate cash flow with long-term appreciation opportunities. The property features five self-contained residential units spread across two separate buildings. The front building offers two spacious apartments, while the rear building consists of three well-maintained units, including three desirable 2-bedroom suites. With a total of 13 bedrooms, the property is well-positioned to attract a diverse tenant base and support strong occupancy. Designed with investors in mind, each unit is separately metered for hydro and gas, allowing tenants to pay their own utilities and helping reduce operating expenses. Recent roof updates on both buildings add to the property's appeal and minimize future maintenance costs. Ideally located near schools, shopping, public transit, parks, the Niagara River, Peace Bridge access to the United States, and a nearby college, the property benefits from a location that continues to attract tenants. The expansive lot also offers potential for future redevelopment or expansion, subject to municipal approvals. Whether you're growing your investment portfolio or searching for a high-performing income property, this exceptional offering delivers strong rental potential, operational efficiency, and lasting value.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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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