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For saleListed 31 days agoMLS® X13763076

250 Phipps Street, Fort Erie, ON

332 - Central, Fort Erie · View map

$2,190,000
Vacant LandType
1.246 acresLot
$14,697/yrTaxes
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$2,190,000

About this property

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.

The property

Type
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Waterfront

Waterfront
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Exposure
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Lot & taxes

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Listing

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Estimated monthly cost—Mortgage, property tax and insurance
  • Mortgage
  • Property tax
  • Insurance

Cash needed to close

  • Down payment
  • Ontario land transfer tax
  • Legal fees and title insurance (est.)
  • Inspections: building, septic, water (est.)
  • Total to close

Estimates for illustration only. Recreational property can need a larger down payment and a different rate than a city home. See how cottage financing works.

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250 Phipps Street, Fort Erie, ON

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Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE. Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.

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