HN
387 Elmwood Avenue, Fort Erie, ON L0S 1B0, Fort Erie, ON
+19 photos
$550,000

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

Fort Erie, ON L0S 1B0
3 beds 3 baths Triplex

About this home

3 FULLY DETACHED BUNGALOWS, SOLD AS A PACKAGED DEAL. Just steps to Crystal Beach & a short stroll to shopping, and restaurants, this unique triplex is sure to impress. 387 Elmwood Avenue features 3 detached, 1 bedroom bungalows. For those looking to host an airbnb or have the best place to enjoy their summer months with friends and family, this trio ticks all the boxes. These homes are winterized & made for year round living! Over the last 13 years the cottages have had a major revamp including foam insulated walls, ceilings & crawl spaces; windows; roofs on 2 (2018); vinyl siding; private decks; new kitchens & baths; flooring; paint; stamped concrete walkway; wiring; plumbing and more. They each have their own ductless heat & AC units (installed in 2022) as well as electric baseboards. All 3 units are bright and fresh 1 bedrooms, with 4 piece bathrooms, open concept kitchen/living & vaulted ceilings. If you've watched the growth of the Tiny House movement over the years and you're ready to simplify & downsize your life, or looking to expand the rental portfolio, all three units are vacant and ready for your future plans.

Property Score

49/ 100
Overall Property Score
fair

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
92% of city avggood
Priced below Fort Erie's average of $595,000.
Appreciation Trend
+1%/yrgood
Fort Erie has seen +1% YoY price change.
Monthly Cash Flow
-$1,749/mopoor
Estimated -$1,749/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
1.80%poor
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® # X13090966
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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