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231-233 Jarvis Street
homes for sale · Fort Erie · Central
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$569,900

231-233 Jarvis Street

Central, Fort Erie · MLS® X13594460

736

House · Multi-family · 94 days on market

listed by Phillip Smith, ROYAL LEPAGE NRC REALTY

realtor's 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!

property details

type
House, Multi-family
bedrooms
7
bathrooms
3
parking
6
property tax
$2,182 / yr
days on market
94
MLS®
X13594460

features

  • School Bus
  • Refrigerator
  • Water meter
  • Stove
  • Water Heater

monthly cost

$2,665/mo
Mortgage $2,483 · Tax $182

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$2,483/ monthly
loan $455,920
25-year amortization
total interest
$288,980
cash to close
$113,980
down payment; transfer tax and fees not included
total paid
$744,900

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Central, Fort ErieGoogle Maps ↗

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listed by
Phillip Smith
ROYAL LEPAGE NRC REALTY
call Phillip · 289-402-8156
Powered by: REALTOR.ca
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Central, Fort ErieGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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