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Home ON St. Catharines - Niagara Fort Erie Fort Erie North
253 JARVIS STREET
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253 JARVIS STREET $725,000
5 days ago
$725,000
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253 JARVIS STREET
Fort Erie (332 - Central), Ontario L2A2S7

MLS® Number: X12049918

Listing Description

Prime Investment Opportunity Fully Rented Multi-Unit in Downtown Fort Erie Welcome to 253 Jarvis Street, a fantastic investment property generating over $90,000 in annual rental income. This fully occupied multi-unit building offers a diverse mix of rental options, making it an ideal addition to any investors portfolio. The property features eight units in total: Two 2-bedroom units (one shared by three tenants, renting for $1,775)Three 1-bedroom units Three bachelor units With all-inclusive rents, tenants enjoy hassle-free living, while you benefit from consistent cash flow. The property provides ample rear parking for all residents, a valuable asset in this high-demand rental area. Located in the heart of downtown Fort Erie, this building is just a short walk from the Niagara River, the Friendship Trail, and local amenities, ensuring strong tenant appeal. If desired, there is also the possibility of a vacant unit for a new buyer. Don't miss this turnkey investment opportunity contact us today for more details! Flat roof installed in 2021 - rent roll apartment 1 (2 Bedroom) - $1400. apartment 2 (1 Bed) - $830. apartment 1A (1 bed) - $700. apartment 2A ( Bach) $775 - no rent collected (this is property manager) apartment 3A (Bach) - $600 (This will be vacant on closing - brother of owner and will be moving) apartment 4 (2 Bed) $1775 (This is a 2 bed apartment but is shared accommodations with three tenants each renting a room including the livingroom. apartment 5 (Bach) - $630. apartment 6 (1 Bed) - $1200. (40143037)

Location Description

MACK ST

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
332 - Central
Land Size
Bldg=50.19 x 138.54 FT
Age Of Building
100+ years
Annual Property Taxes
$4,730
Time on REALTOR.ca
5 days

Building

Heating & Cooling
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Water
Municipal water
Business
Business Name
253 Jarvis
Business Type
Residential (Apartments)
Neighbourhood Features
Amenities Nearby
Recreation

Measurements

Square Footage
4430 sqft
Exterior Building Size
4430 sqft

Land

Lot Features
Frontage
50 ft ,2 in
Land Depth
138 ft ,6 in
Other Property Information
Zoning Description
RM2
Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4

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