HN
155 Douglas Street, Fort Erie, ON L2A 3X1, Fort Erie, ON
+15 photos
$375,000

155 Douglas Street, Fort Erie, ON L2A 3X1, Fort Erie, ON

Fort Erie, ON L2A 3X1
3 beds 1 bath Detached

About this home

A solid bungalow located in a quiet area of Fort Erie. Whether you are a first-time buyer, investor, or someone looking to downsize, this home offers a great opportunity at an affordable price point. With quick access to the Peace Bridge and QEW, and close proximity to both elementary and secondary schools, the location is convenient for commuters, families, and tenants alike. Inside, the home features an updated kitchen, a new bathtub, replacement doors, and vinyl windows. Additional updates include gas forced-air heating and the roof, helping provide peace of mind for the next owner. The layout is practical and easy to maintain, making it a great option for those looking for comfortable one-floor living. The property sits on a treed lot that offers some outdoor space while remaining small and manageable, perfect for anyone who wants the benefit of a yard without extensive upkeep. Quick closing is available, allowing you to move in or start renting it out sooner. This is a great starter home or rental property, and with today's rental prices, you may be able to own this home for less than the cost of renting.

Property Score

64/ 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
63% 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
-$372/mofair
Estimated -$372/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.42%great
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® # X13104762
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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