4020 ERIE ROAD, Fort Erie (Crystal Beach)
$999,000
For sale: Other
- Property type
- Investment
- MLS®
- MLS® X13234534
- Neighbourhood
- 337 - Crystal Beach
IMMEDIATE POSSESSION - BUSINESS AND RESIDENCE INCLUDED.Prime development opportunity just steps from the sandy shores of Crystal Beach. This landmark property features a well-established year-round bar and restaurant operating since 1991, along with over 3,500 sq. ft. of residential living space complete with a private rooftop patio.The undeveloped third floor offers outstanding potential for apartments, condominiums, boutique hotel suites, or other residential uses, subject to approvals. Nearby approved developments highlight the strong growth and investment potential of the area.Originally built as a hotel, the property has been well maintained and upgraded throughout, featuring large rooms, stone accents, a full-service bar, spacious bedrooms, ensuite bathrooms, and walk-in closets.The restaurant seats approximately 200 guests indoors. A rare opportunity to acquire an established business with significant residential and future development potential in the heart of Crystal Beach.
Sold data
Homes in Fort Erie (Crystal Beach) — recent sold market
Homes in Fort Erie (Crystal Beach) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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 (Crystal Beach)
Fort Erie (Crystal Beach) 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 (Crystal Beach)
- 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 4020 ERIE ROAD
$999,999
Other6043 MAIN STREET, 216 - Dorchester, Niagara Falls
$850,000
Other271 RIDGEWAY ROAD, 337 - Crystal Beach, Fort Erie
$799,999
Other177 NIAGARA BOULEVARD, 332 - Central, Fort Erie
$869,000
Detached4+121,100–1,500 sqft2432 PORT ROBINSON ROAD, 562 - Hurricane/Merrittville, Thorold
$914,900
Detached537355 GARNET, McGregor
$899,999
Detached321,500–2,000 sqft3270 THUNDER BAY ROAD, 335 - Ridgeway, Fort Erie
$1,195,900
Detached321,500–2,000 sqft3765 CRYSTAL BEACH DRIVE, 337 - Crystal Beach, Fort Erie
$1,189,000
Detached321,500–2,000 sqft3711 CRYSTAL BEACH DRIVE, 337 - Crystal Beach, Fort Erie