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245 Phipps Street Fort Erie, Ontario L2A 2V4

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5 Bedroom 3 Bathroom 2400 sq. ft
None Baseboard Heaters, Forced Air

$599,000

Investors! Multi-residential income property with 3 units in the north end of Fort Erie, or live in the main floor unit and rent out the other two! The main floor unit has two bedrooms, den, wraparound porch, back deck and is heated by gas. The middle 2-bedroom unit and the upper one-bedroom unit with a flex space both have electric baseboard heaters. Separate entrances and hydro meters - Tenants pay for hydro. Recent updates include: new roof (2019), gutters and downspouts (2020), new main floor furnace (2020). Current Rental Income totals $2855/month with approximately $741 per month in expenses (hot water tank rental, insurance, taxes, water, gas). Easy access to the QEW highway at Bowen Rd, and a short walk to the Niagara River Parkway and Downton Bridgeburg. (id:38042)

245 Phipps Street, Fort Erie Property Overview

MLS® Number 40334419
Property Type Multi-family
Amenities Near By Place Of Worship, Schools
Features Crushed Stone Driveway
Parking Space Total 4
Structure Porch

245 Phipps Street, Fort Erie Building Features

Bathroom Total 3
Bedrooms Total 5
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Block
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Size Interior 2400
Type Triplex
Utility Water Municipal Water

245 Phipps Street, Fort Erie Land Details

Access Type Road Access
Acreage No
Land Amenities Place Of Worship, Schools
Sewer Municipal Sewage System
Size Depth 122 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2
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