Welcome to this remarkable 1 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 $615,000 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.
INVESTMENT OPPORTUNITY WITH INCOME POTENTIAL! This spacious 2 unit property offers two - 3 bedroom,1 bath units, providing an excellent opportunity for investors, multi-generational living, an owner-occupier looking to offset their housing costs with rental income, or the possibility of converting two units into one unit to create a spacious beautiful large family home! The upper unit is currently rented, while the main-floor unit is vacant and ready for a new tenant or owner occupancy. The generous size lot provides plenty of outdoor space, while 2 separate driveways and a detached double garage offer excellent parking and storage options. The basement is common area shared by both units and provides access to laundry facilities. With 6 bedrooms, 3 bathrooms (one of which is the 3 piece bathroom in basement, but will require renovation by the new owner), 2 separate living units, 2 driveways and a detached double garage, this property offers a combination of space and flexibility that is difficult to find. Whether you are an investor looking to add a multi-residential property to your portfolio, or an owner-occupier seeking a home with income potential, or you wish to convert it to a single family home, this property offers multiple possibilities.
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This detached home located at 242 Henrietta Street, Fort Erie is currently for sale and has been available on SousaSells for 1 day. This property is listed at $615,000 with an estimated mortgage of $2,047* per month. It has 6 beds, 2 bathrooms, and is 2000-2500 square feet. 242 Henrietta Street, Fort Erie is in the 332 - Central neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in 332 - Central, Fort Erie.
Growing families needing multi-bedroom flexibility and space in 332 - Central, Fort Erie.
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The current listing price for 242 Henrietta Street, Fort Erie, ON in 332 - Central, Fort Erie is $615,000.
This property features 6 bedrooms and 2 bathrooms across approximately 2000-2500 sqft.
242 Henrietta Street, Fort Erie, ON is a Detached (1 1/2 Storey) featuring a Partially Finished basement.
Interior highlights include: Primary Bedroom - Main Floor.
Yes, this property offers parking space for 8.0 vehicles (Detached).
Heating is provided via Gas and cooling via Central Air.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 242 Henrietta Street, Fort Erie, ON L2A 2K7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Fort Erie.
About Purchasing a Home in Fort Erie, ON
For a property listed at $615,000 in Fort Erie, the legal minimum down payment is $36,500 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 $8,775 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 $8,775.
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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.