Property Detail

258 Henrietta Street, Fort Erie, ON L2A 2K7 (Henrietta Concession and Ellen St)

Price : $799,000.00 , MLS®# : X12905506

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Judge Kirupairajah
Description

Attention Investors! Turnkey 5-Plex with Strong Rental Income on Oversized Lot. Welcome to 258 Henrietta Street, Fort Erie - a rare opportunity to acquire a fully tenanted 5-unit multi-residential property situated on an expansive 82 ft x 233 ft lot in a desirable, high-demand rental location.This well-maintained property consists of two separate buildings. The front building offers 2 spacious residential units, while the rear building features 3 updated units, including two 2-bedroom units and one 1-bedroom unit. In total, the property offers 13 bedrooms across 5 self-contained units, providing excellent income-generating potential. Each unit is separately metered for hydro and gas, with tenants responsible for their own utilities, helping minimize operating expenses and support stronger net income for investors. Recent updates include shingles on both buildings, contributing to overall property maintenance and long-term durability. Ideally located near schools, shopping, public transit, the Niagara River, the U.S. border, and a nearby college, this property benefits from consistent rental demand and convenient access to key amenities and transportation routes. The large lot size offers additional flexibility and potential for future development or value enhancement, subject to buyer's due diligence and municipal approvals. An excellent opportunity for investors seeking a stable, income-producing asset in a growing community. Please allow 24-hour notice for all showings due to tenant occupancy.

Location Description

Henrietta Concession and Ellen St

Property Details
  • Community: 332 - Central
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 13
  • Bath: 5
  • Garages: None
  • Annual Property Taxes : $ 5637
Building Features
  • Foundation Type: Concrete Block-Poured Concrete-Slab
  • Counstruction Material : Aluminum Siding-Metal/Steel Siding
  • Total Parking Space : 8
  • Parking Type : None
Building Features
  • Heating : RadiantGas
  • Sewer : Sewer ,
  • Water System : Unknown
Land (Lot Features)
  • Frontage: 82 sq.ft
  • Land Depth: 233sq.ft

Listing Contracted With: ROYAL KEY