354 Elmwood Avenue, Fort Erie, ON L0S 1B0, Fort Erie, ON

354 Elmwood Avenue, Fort Erie, ON L0S 1B0, Fort Erie, ON photo 2

354 Elmwood Avenue, Fort Erie, ON L0S 1B0, Fort Erie, ON photo 3

354 Elmwood Avenue, Fort Erie, ON L0S 1B0, Fort Erie, ON photo 4

354 Elmwood Avenue, Fort Erie, ON L0S 1B0, Fort Erie, ON photo 5

+7 photos

$400,000

354 Elmwood Avenue, Fort Erie, ON L0S 1B0, Fort Erie, ON

Fort Erie, ON L0S 1B0

1 bed 1 bath Detached

About this home

Location, location, location...This wonderful one bedroom bungalow is only steps from the beach and just around the corner from yummy eateries and fun nightlife. Located in the heart of Crystal Beach, move in ready and affordable this cute and cozy fully winterized house would make a great starter, retiree or summer cottage. Large sun lit living room, king sized bedroom and eat in kitchen offers no fuss living. Updates include, furnace replaced 2021, spray foamed crawl space and updated electrical. Fully fenced back oasis with 2 storage sheds. The larger out building could be easily converted into an enjoyable summer hang out area. Crystal Beach is fast becoming a go to destination with quaint shops, trendy restaurants, boat launch, waterfront parks, close to downtown historic Ridgeway, beautiful white sand beach and is a short drive to Fort Erie, Niagara Falls, Buffalo and the QEW.

Property Score

57/ 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

67% 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

-$1,160/mopoor

Estimated -$1,160/mo at 20% down, 5% rate, 25-yr amortization.

Cap Rate

2.13%poor

Net operating income divided by purchase price.

Basement Suite Potential

Buildablegreat

Strong potential for a legal basement suite - could add ~$1,260/mo.

Move-In Ready

Avggreat

Estimate. Use the listing description and photos to assess actual condition.

MLS^® # X13044834

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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