250 Phipps Street
Fort Erie, ON
- Vacant Land
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.
Listing Details
- Taxes (2025)
- $14,697
- Listed
- September 4, 2026
Price History
Listing history
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Property
- Lot Size
- 198.56 x 220.57 Feet
Location & Legal
- Cross Street
- Central Ave & Thompson Rd
- Zoning
- RM1-501
- Parcel Number
- 642310321
- Possession
- Immediate
- Occupancy
- Vacant
Schools
Elementary
- Our Lady of Victory Catholic Elementary School1.5 km
Catholic · Niagara CDSB · 280 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 40% met the provincial standard
- Peace Bridge Public School1.9 km
Public · DSB Niagara · 415 students
Grade 3 reading: 93% met the provincial standard · Grade 6 math: 92% met the provincial standard
- Garrison Road Public School4 km
Public · DSB Niagara · 470 students
Grade 3 reading: 94% met the provincial standard · Grade 6 math: 77% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Fort Erie · last 12 months
- Median sold price
- $541,500
- Homes sold
- 626
- Median days on market
- 42
- Sale-to-list price
- 95.5%
Based on 626 recorded sales of residential freehold properties in Fort Erie over the last 12 months.
Listed by
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$438,000
Estimated Monthly Payment
$10,759
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $10,759/mo (20% down, 5.5%)
Taxes: $1,225/mo · Insurance: $548/mo
Estimates only. Consult a financial advisor.
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