3820 Terrace Lane, Fort Erie, ON
Property Highlights
Welcome to this remarkable Bungalow triplex located in the coveted neighborhood of 337 - Crystal Beach. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,499,000 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.
- 8 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 85 x 93.58 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned
- equipped with wall unit(s), window unit(s) central cooling and highly efficient water heating via electric
Description
RARE OPPORTUNITY to invest in a water view property in crystal beach with 3 turn key units. Ideal for multi generational living with 3 separate self contained units all fully furnished. Currently used for a combo of long term rentals and airbnb. Live in one unit and rent the other 2 or rent all 3.The possibilities are endless. Unit #1 was fully renovated back to the studs in 2023 including new 200 amp electrical panel, new plumbing new roof. HIgh end finishings include quartz counters, heated bathroom floor, pot filler, charging station for electric cars. includes 15 appliances and all furniture, decor and kitchen contents. This great location is steps to the beach, boat launch, park and a short walk to the Erie Rd strip with restaurants and popular Bay Beach.
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Property Summary
This triplex located at 3820 Terrace Lane, Fort Erie is currently for sale and has been available on SousaSells for 4 days. This property is listed at $1,499,000 with an estimated mortgage of $4,990* per month. It has 8 beds, 4 bathrooms, and is 3000-3500 square feet. 3820 Terrace Lane, Fort Erie is in the 337 - Crystal Beach neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in 337 - Crystal Beach, Fort Erie.
- •8 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in 337 - Crystal Beach, Fort Erie.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Carpet Free
- Primary Bedroom - Main Floor
- Water Heater Owned
- Wheelchair Access
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 3820 Terrace Lane, Fort Erie, ON
Q.What is the asking price for 3820 Terrace Lane, Fort Erie, ON ?
The current listing price for 3820 Terrace Lane, Fort Erie, ON in 337 - Crystal Beach, Fort Erie is $1,499,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 4 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 3820 Terrace Lane, Fort Erie, ON ?
3820 Terrace Lane, Fort Erie, ON is a Triplex (Bungalow) featuring a Crawl Space basement.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned, Wheelchair Access.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Wall Unit(s), Window Unit(s).
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Pricing & Value Insights
Data-driven valuation for 3820 Terrace Lane, Fort Erie, ON L0S 1B0
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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 $1,499,000 in Fort Erie, the legal minimum down payment is $299,800 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 $26,455 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 $26,455.
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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.