$1166.67 Per Sq Foot $18,789 est/mo Sourced by Back At You

12 Jarvis Street,Fort Erie, ON L2A 2T4

Fort Erie ON, L2A 2T4

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Description

See video. Attention developers! Here's an incredible investment opportunity you won't want to miss. The owner is offering all four properties as a single package, making it a fantastic deal. What sets these properties apart is their exceptional zoning. With a desirable C2A-420 zoning, that allows for the construction of a 10-storey mixed-use building. Let's take a closer look at the properties included in this package. First, we have 7 Dufferin St., which features a substantial 5,500 sqft main building known as McCooeys Bicycle and Vacuum Shop. The potential rent for this building is $3,000, and it also includes a small shop that rents for $350. Next, we have 5 Dufferin St., which is a vacant lot with endless possibilities for development. Finally, we have 12 Jarvist St. and 14 Jarvis St., which consist of two store fronts. One rents for $900 plus hydro, while the other rents for $800 plus hydro. Additionally, there is a large apartment that rents for $1,800 and a two-bedroom house that rents for $532. When combined, these three properties offer a total of 26,813 sq. ft. and have the potential to generate a monthly income of $6,850. Located in the Bridgeburg Historic District, this area has recently experienced a renaissance. The "Old Coal Docks" have been beautifully renovated, and the district now features designated open spaces with breathtaking views of the Niagara River and the historic International Railway Bridge. Imagine the stunning vistas that would be visible from the condos in this development, including views of Bridgeburg and the charming tree-lined streets of The North End. These commercial properties are strategically situated on three streets, maximizing their visibility and accessibility. Don't miss out on this incredible opportunity to tap into the potential of Fort Erie's booming real estate market. Act now and seize this chance to create a landmark development that combines modern living with the charm of the historic district.

Details

MLS#40517372
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site180
Listing Provided ByCENTURY 21 TODAY REALTY LTD, BROKERAGE-FT.ERIE | Vince Marinaccio

Features

SQ Feet3,000
BasementY
Story(s)1
ZoningC2A-420
Water FrontYes
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Learn More About This Property

ProvinceON
RegionNiagara
CityFort Erie
Postal CodeL2A 2T4
AreaFort Erie
Subarea332 Central Ave
Community Name332 Central Ave
Listing VS Median (in 332 Central Ave)
Price:
$3,500,000
low | high
Med:
$499,900
100% of Average
SqFt:
3,000
low | high
Med:
1,213
100% of Average
$ / SqFt:
$1,167
low | high
Med:
$412
100% of Average
On Site:
180
low | high
Med:
35.500000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 8:52:06 AM PDT