The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
INVESTMENT OPPORTUNITY WITH INCOME POTENTIAL! This spacious 2 unit property offers two - 3 bedroom,1 bath units, providing an excellent opportunity for investors, multi-generational living, an owner-occupier looking to offset their housing costs with rental income, or the possibility of converting two units into one unit to create a spacious beautiful large family home! Both units are currently leased. The generous size lot provides plenty of outdoor space, while 2 separate driveways and a detached double garage offer excellent parking and storage options. The basement is common area shared by both units and provides access to laundry facilities. With 6 bedrooms, 3 bathrooms (one of which is the 3 piece bathroom in basement, but will require renovation by the new owner), 2 separate living units, 2 driveways and a detached double car garage, this property offers a combination of space and flexibility that is difficult to find. Whether you are an investor looking to add a multi-residential property to your portfolio, or an owner-occupier seeking a home with income potential, or you wish to convert it to a single family home, this property offers multiple possibilities.
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Age Groups
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Owners vs Renters
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Household Type
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What’s NearbyDistances approximate
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Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,590/mo
Mortgage (principal + interest)$2,241
Property taxFrom listing: $4,189/yr$349
Minimum $34,900 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$119,800
Ontario land transfer taxProvincial brackets, no first-time refund$8,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$131,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Fort Erie has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
