198 Murray Street, Fort Erie, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 332 - Central. Expertly crafted featuring premium stucco (plaster) and stone construction, this residence presents an exceptional opportunity offered at $495,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 49.25 x 123.37 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Accessory Apartment, Auto Garage Door Remote, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This versatile property offers comfort, character, and excellent income potential. The main floor features a spacious primary bedroom, second bedroom and a beautifully updated bathroom complete with a separate tub, shower, and heated floors for added luxury. Upstairs, the finished attic has been transformed into a large bedroom with a loft area, creating a unique and functional living space. Step outside and enjoy your own private backyard retreat with a large covered deck, seasonal 2-piece bathroom, wet bar, and an above-ground heated (new in 2023) pool-perfect for entertaining family and friends all summer long. The detached heated garage includes a second-floor loft, plus a convenient side carport for additional covered parking. This home also offers updated electrical service in both the house and garage. The fully finished basement features a separate entrance and includes a one-bedroom apartment or in-law suite, making it ideal for multi-generational living or for buyers looking to offset expenses with rental income. There is sound and fire barrier insulation in between the units. A fantastic opportunity for homeowners, investors, or families needing extra space. Seller is eager to move forward, creating an excellent opportunity for qualified buyers!
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Key Features
Additional Details
Property Details
Parking & Garage
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Features
Property Features
Interior Features
Accessory Apartment, Auto Garage Door Remote, In-Law Capability, Guest Accommodations, In-Law Suite, Primary Bedroom - Main Floor, Storage
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 198 Murray Street, Fort Erie, ON L2A 2B6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Fort Erie, ON
For a property listed at $495,900 in Fort Erie, the legal minimum down payment is $24,795 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,393 for this transaction. As this listing is in Fort Erie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,393.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.