97 Queen Street

Fort Erie, ON

4 bed • 2,000 sqft • Investment • 385 days on market

$625,000

Discover the perfect investment opportunity in the heart of Fort Erie. This spacious large brick and concrete block 4-plex offers the ideal combination of versatility and potential income. With an attached carport and a detached 2-car garage, there are options to maximize your rental income. This property features four distinct units, catering to a variety of tenant needs. There's one cozy bachelor apartment, two spacious one-bedroom units, and a generous two-bedroom apartment. The third-floor one-bedroom apartment is a unique gem, offering exclusive access to a rooftop space with breathtaking views of the Buffalo skyline. Apartment #1 (Bachelor) $867, Apartment #2 (one bedroom) $840, Apartment #3 (2 bedroom) $789 and Apartment #4 (one bedroom) rent $1295 . Detached 2 car garage with separate units $100 each side. (currently vacant). All rents are all utilities included. Property has hot water gas heating & furnace is located in Unit 1. With a little vision and the potential to rent out individual garage bays, this investment promises both immediate returns and long-term value. Don't miss out on this chance to own a piece of Fort Erie real estate with incredible potential. Recent improvements include a new exterior staircase to 3rd floor, updated bathroom in apartment 4 and exterior has been painted. Operation costs are approximately $12,500 per year. Seller has just installed a new boiler system 2025.

Listing Details

Taxes (2024): $3,097
Listed: August 7, 2025

Price History

Listing history

Property

Age: 51-99
Lot Size: 82.13 x 66 Feet

Utilities

Sewer: Sanitary

Location & Legal

Cross Street: CENTRAL AVE
Zoning: R3
Parcel Number: 642220109
Possession: Flexible

Commercial

Business Type: Apts - 2 To 5 Units
Occupancy: Tenant

Community

Postal area L2A

Population: 17,293
Private dwellings: 7,783
Median age: 49.2
Average household size: 2.3
Median household income: $72,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Fort Erie · last 12 months

Median sold price: $547,000
Homes sold: 626
Median days on market: 43
Sale-to-list price: 95.5%

Based on 626 recorded sales of commercial properties in Fort Erie over the last 12 months.

Listed by

RE/MAX NIAGARA REALTY LTD, BROKERAGE

Location

Commercial figures

Building area: 2,000 sq ft
Price per sq ft: $312.50
Annual property tax: $3,097
Tax per sq ft: $1.55

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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