206 Phipps Street, Fort Erie, ON
Property no longer active
This property was sold on January 27, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of 332 - Central. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $499,000 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.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 89.33 x 139.83 ft lot
- Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter
- Efficient other heating via gas
Description
Charming Duplex in North End Fort Erie on over sized lot with potential to sever! - Perfect Location! Welcome to this fantastic investment or multi-generational living opportunity located in the desirable North End of Fort Erie, just steps away from the beautiful Niagara Parkway and a short drive to the iconic Peace Bridge. This duplex offers two well-maintained units, each with its own private entrance. The property boasts: Unit 1: Spacious 2-bedroom layout with a large living area, kitchen, and bathroom. Ideal for a family or long-term rental. Currently occupied. Unit 2: A cozy 1-bedroom, 2 level unit with a functional floor plan, perfect for singles, couples, or short-term rentals. Key Features: Ample parking for multiple vehicles. Individual laundry set ups in each unit. A large yard, perfect for entertaining or gardening. Convenient proximity to parks, schools, shopping, and waterfront trails. Easy access to major highways and the Peace Bridge, making it an excellent choice for commuters or cross-border travelers. This property is brimming with potential whether you're looking to live in one unit and rent the other or add a lucrative income property to your portfolio. Don't miss your chance to own this gem in one of Fort Erie's most sought-after locations! Book your showing today! 24 hr notice for all showings as tenants occupy main unit.
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Property Summary
This detached home located at 206 Phipps Street, Fort Erie is currently for sale and has been available on SousaSells for 545 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 206 Phipps Street, Fort Erie is in the 332 - Central neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Separate Hydro Meter
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 206 Phipps Street, Fort Erie, ON L2A 2V5
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 $499,000 in Fort Erie, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.
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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.