231-233 Jarvis Street, Fort Erie, ON L2A 2S7

$589,900
7
BD
3
BA
2,500
SqFt

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List Price
$589,900
MLS#
X13594460
Status
ACTIVE
Type
Multifamily
SubType
Triplex
Style
2-Storey
Bedrooms
7
Bathrooms
3
Living Area
2500-3000
Province
ON
Municipality
Fort Erie
Area
Niagara
Neighborhood
332 - Central
Subdivision
Central Ave And Jarvis St

Property Description

Rare investment and live-in opportunity at 231-233 Jarvis St. in Fort Erie! Situated on a generous 50' x 138' lot just moments from historic Bridgeburg, the Niagara River, the Friendship Trail, the Peace Bridge, and quick QEW access, this unique property features two standalone buildings with a total of three units. Offering far more privacy and owner-occupancy appeal than a traditional triplex, it is ideal for first-time buyers looking for rental income to offset their mortgage, multi-generational families, or savvy investors seeking strong cash flow in a booming market. The front duplex consists of two well-designed 2-bedroom units, each boasting its own cozy gas fireplace and separate utility meters. The vacant upper unit has been freshly painted and upgraded with brand-new flooring and light fixtures, leaving you free to move right in or set your own market rents immediately. The lower unit is meticulously maintained and occupied by an excellent, reliable long-term tenant. Tucked behind for ultimate privacy is a separate 1,206 sq. ft. rear house featuring 3 bedrooms, an enclosed sunroom, and its own expansive backyard. Currently rented, this rear home offers immense potential for value-add renovations to maximize future appreciation. Enjoy complete peace of mind with newer roofs and windows on both structures. Positioned in an area experiencing great growth and high rental demand, this versatile, multi-building package represents one of the best real estate opportunities on the market today!

Additional Information

Taxes
$2,182
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Kitchens
3
Exterior
Vinyl Siding
Garage Type
None
Pool
Above Ground
Parking Spaces
6
Parking Type
Private Double

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Calculator source: Real Geeks

Listing courtesy of ROYAL LEPAGE NRC REALTY.