Listing Presented by Anna Mochol, Sales Representative with Garden City Realty Inc., Brokerage St.Catharines
(905) 323-7044
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Contact:Anna Mochol, Sales Representative
Garden City Realty Inc., Brokerage St.Catharines Direct Line:(905) 323-7044 Mobile:(905) 650-4878 Fax:(905) 684-1321
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MLS®#: 40574417
$1,285,000
473 Garrison Road
Fort Erie
ON
L2A 1N3
Active
Description:
INVESTMENT OPPORTUNITY...Do not miss this once in a Lifetime chance to own prime property located at 473 Garrison Rd, Fort Erie. The potential with this property, located on busy Hwy #3, zoned C3, has Commercial redevelopment opportunity, super commercial visibility, along with potential for new build towns; Drawings, drafts, renderings, survey, soil assessment, Phase 1 reports, applications etc., will be made available to serious parties only. Collect the income stream from the current residential rentals, as the planning process is to build/develop the property. Current Use; The property currently consists of three (3) separate buildings, with 5 residential units that are tenanted, plus there is a vacant office space opportunity; the 5 residential units w/separate hydro meters, 3 of the 5 units have exclusive laundry, 2 units share one common laundry area. The vacant retail/office space, has its own bathroom.The front building; directly on Garrison Road, is a 2 storey duplex with 2-2bedroom units, full/unfinished basement & shared laundry. The back building; directly on Arthur Street, has 1-2bedroom, & 1-3 bedroom unit, each with exclusive laundry, one of the units has access to the garage. The small bungalow located on the west side of the property; is a 1-bedroom, winterized bachelor bungalow, with is own exclusive laundry. Total square footage includes all buildings(excludes office/garage bay). Recent improvements include; freshly painted, flooring, updated bathrooms, newer appliances, newer AC units. This prime location, zoned C3, with parking for 50-60 vehicles, along with close proximity to QEW and Buffalo Peace Bridge?Imagine the possibilities, the potential is here? do not miss this rare opportunity to own a piece of prime land in Fort Erie. Schedule a showing today & realize the potential for yourself!
Directions:
QEW to Thompson Road exit/southbound, eastbound (left) on Garrison Road
Property Type: Residential Income Property Sub-Type: Multi-5 Unit Area: Fort Erie Square Feet: 3430 Bedrooms: 10 Total Bathrooms: 6
Age:
0 Basement: Separate Entrance, Full, Unfinished Garage/Parking:
Space for 1.5 Vehicles
School District: District School Board of Niagara Neighborhood: 334 - Crescent Park Elem. School: Garrison Public & Our Lady Of Victory High School: Greater Fort Erie Secondary County: Niagara Taxes: $11,747.00 Tax Year: 2024 Total Units: 6 Cooling: Central Air, Wall Unit(s) Exterior: Aluminum Siding, Stucco Heat: Baseboard, Electric, Forced Air, Natural Gas Roof: Asphalt Shing Sewer: Sewer (Municipal) Water: Municipal Zoning: R3
Financing:
Taxes: $11,747.00 Insurance: $4,428.41 Net Op Income: $95,925.00
FEATURES:
Basement, Central Air
LOT FEATURES:
Water Front
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