307 Phipps Street, Fort Erie, ON

$399,000
MLS#:X12100097
2 beds
2 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on May 12, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 332 - Central. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $399,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 37.61 x 122.01 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Other
  • Efficient forced air heating via gas

Description

Charming Starter Home in a Prime Fort Erie Location! Located in a quiet, family-friendly neighborhood just steps from the scenic Niagara River, this delightful 1.5-storey home is the perfect place to begin your homeownership journey. Ideally located with convenient access to the highway and only minutes from the Peace Bridge to the U.S. and Bridgewater Country Club, this property combines comfort, convenience, and a welcoming community. Step inside to find a bright and functional layout featuring a cozy living room, dedicated dining area, and a well-appointed kitchen. An inviting nook on the main floor makes an ideal home office or reading space, filled with natural light. A convenient 2-piece powder room adds to the main floor's practicality. Upstairs, you'll find two comfortable bedrooms - both with closets - and a full 4-piece bathroom. The basement offers ample storage space, perfect for keeping your home organized and clutter-free. Enjoy outdoor living in the spacious, landscaped backyard, fully fenced for privacy and ideal for pets or children. A concrete patio is ready for summer BBQs, and a garden shed adds extra storage for tools and toys. Additional updates include all windows replaced since 2010, offering peace of mind and energy efficiency. Located close to schools, parks, and local amenities, this home is a fantastic opportunity for first-time buyers or anyone looking to downsize without compromise. Don't miss your chance to own this charming home in a convenient Fort Erie neighborhood!

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Property Summary

This detached home located at 307 Phipps Street, Fort Erie is currently for sale and has been available on SousaSells for 452 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 2 beds, 2 bathrooms, and is 700-1100 square feet. 307 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

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 12, 2025
Sold price information is available to members only
Listed Date4/22/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionAluminum Siding
BasementUnfinished
Lot Size37.61 × 122.01 Feet
CountyNiagara
Annual Tax$2,161
Legal DescriptionPT LT 40 S/S PHIPPS ST PL 348 BERTIE; PT LT 41 S/S PHIPPS ST PL 348 BERTIE AS IN TF3853; FORT ERIE

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Golf, River/Stream

Interior Features

Other

Security Features

Community Features

Location

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307 Phipps Street, Fort Erie, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 307 Phipps Street, Fort Erie, ON L2A 2V7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Fort Erie.

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Interest Rate4.00%
Down Payment$119,700 (30.0%)
* Minimum Canadian down payment required for this price is $19,950.
Amortization Period30 Years
Estimated Monthly Payment$1,328Based on a loan of $279,300 over 30 years.
Purchase Price$399,000
Loan Amount$279,300
Provincial Land Transfer Tax:$4,460
Total Estimated Closing Taxes:$4,460

About Purchasing a Home in Fort Erie, ON

For a property listed at $399,000 in Fort Erie, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 332 - Central, Fort Erie.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$564,846

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Our Lady of Victory
Public300 Central Avenue, Fort Erie, Ontario, L2A 3T3
5.0
Garrison Road
Public1110 Garrison Road, Fort Erie, Ontario, L2A 1N9
7.8
St Philomena
Public1332 Phillips Street, Fort Erie, Ontario, L2A 3C2
7.3

Secondary Schools

Greater Fort Erie
Public1640 Garrison Road, Fort Erie, Ontario, L2A 5M4
5.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.