+6 photos
$449,900
86 Idylewylde Street, Fort Erie, ON L2A 2L9, Fort Erie, ON
Fort Erie, ON L2A 2L9
6 beds 3 baths Triplex
About this home
TRIPLEX! Looking for an investment property, to expand your rental portfolio, or an excellent opportunity to live in one unit and rent out the other two, then this might be the property for you. This triplex has three separate units, each with two bedrooms, one bathroom, a separate entrance, and parking for two vehicles for each unit. The main floor has a shared coin-operated laundry. All three units are currently rented. The tenants are not in a lease agreement and pay month-to-month. It has a great central location on a nice, quiet street close to the Niagara Boulevard, QEW, shopping, restaurants, parks, and just across the street from Our Lady of Victory school.
Property Score
59/ 100
Overall Property Score
good
A blend of both buyer and investor metrics.
Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
35/100poor
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
76% of city avggreat
Priced below Fort Erie's average of $595,000.
Appreciation Trend
+1%/yrgood
Fort Erie has seen +1% YoY price change.
Monthly Cash Flow
-$570/mofair
Estimated -$570/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.09%great
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12583996
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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