242 Jarvis Street, Fort Erie, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 332 - Central. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $359,999 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 50 x 121.7 ft lot
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Accessory Apartment, In-Law Suite, Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Excellent duplex opportunity in a prime central location, just steps to downtown shops, restaurants, and amenities. This well-maintained property offers strong income potential with the main level featuring two bedrooms, a spacious kitchen, bright living areas, and functional layout, while the upper level includes an additional kitchen and one bedroom, creating a fully self-contained second unit. The lower unit is currently rented at $1,800/month and the upper unit at $1,000/month, both on convenient month-to-month tenancies, providing immediate cash flow with future flexibility. The home offers plenty of natural light throughout, a charming wrap-around front porch perfect for relaxing, a private rear grassed area, and ample parking. Whether you're expanding your investment portfolio or looking for a property with built-in income potential, this centrally located duplex offers versatility, value, and long-term opportunity.
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Interior Features
Accessory Apartment, In-Law Suite, Separate Hydro Meter
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 242 Jarvis Street, Fort Erie, ON L2A 2S5
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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 $359,999 in Fort Erie, the legal minimum down payment is $18,000 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 $3,875 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 $3,875.
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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.