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250 Phipps Street
homes for sale · Fort Erie · Central
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$2,190,000

250 Phipps Street

Central, Fort Erie · MLS® X13763076

Land · Vacant Land · 45 days on market

listed by Shawn Schertzing, RE/MAX NIAGARA REALTY LTD, BROKERAGE

realtor's description

Prime Investment Opportunity 250 Phipps St, Fort Erie - Security Deposit already paid! An exceptional 1.246-acre development site in Fort Erie, site-plan approved for a four-storey, 43-unit multi-residential building. Previously home to the original Rose Seaton School, this site carries forward its legacy as Rose Seaton Heights, a key addition to the revitalization of this growing north-end neighborhood. For those looking to move forward seamlessly, the purchase price includes the site-plan agreement, paid $300K Town of Fort Erie security deposit, studies, reports, and plans; providing a significant cost and time advantage. The buyer will be responsible for separately paying permit fees to the Town of Fort Erie. Located within walking distance to parks, Downtown Bridgeburg, and the scenic Niagara River with its walking, running, and cycling trails, this property offers tremendous potential in a rapidly developing area. Don't miss this rare opportunity to invest in a shovel-ready, multi-residential project in a prime Fort Erie location.

property details

type
Land, Vacant Land
parking
0
property tax
$14,697 / yr
days on market
45
MLS®
X13763076

features

  • Irregular lot size

monthly cost

$10,766/mo
Mortgage $9,542 · Tax $1,225

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

estimated payment
$9,542/ monthly
loan $1,752,000
25-year amortization
total interest
$1,110,486
cash to close
$438,000
down payment; transfer tax and fees not included
total paid
$2,862,486

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 ↗

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Shawn Schertzing
RE/MAX NIAGARA REALTY LTD, BROKERAGE
call Shawn · 905-651-6594
Powered by: REALTOR.ca

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location

Central, Fort ErieGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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