550 ALBANY Street, Fort Erie, ON

$639,999
MLS#:X11913232
5 beds
2 baths
1100-1500 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of 333 - Lakeshore. Expertly crafted featuring premium metal/steel siding and aluminum siding construction, this residence presents an exceptional opportunity offered at $639,999 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.

  • 5 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 50 x 150 ft lot
  • Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other, Accessory Apartment, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Just a short walk to Lake Erie don't wait to come check out your new home! Perfect for a family, retirement or as an investment the possibilities are endless in this raised bungalow. Experience a quiet country feel while being just around the corner from every amenity you'd need. This home features 3 great bedrooms, a good sized eat-in kitchen with patio doors out to the deck to catch some sun or enjoy your morning coffee. The main floor also features a cozy living room with a massive window to watch the snow fall on a winter night and capture the natural light during the day and don't forget about the modern 4 piece bathroom. Head down stairs where you're greeted by another cozy living room with a natural gas fireplace and big bright above grade windows. On the lower level you'll find 2bedrooms one of which is large enough to be another rec room leaving the possibilities open. You'll also find a3-peice bathroom and partially finished laundry room/kitchenette making it perfect for an in-law suite or potential second unit. Outside there's plenty of storage for all the tools and toys with the attached garage and shed with a brand new roof. HWT is a rental (2015) Furnace (22) Sump pump (23) main floor fridge (22)Oven (20) laundry sink (23) man door on garage (24)

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Property Summary

This detached home located at 550 ALBANY Street, Fort Erie is currently for sale and has been available on SousaSells for 554 days. This property is listed at $639,999 with an estimated mortgage of $2,130* per month. It has 5 beds, 2 bathrooms, and is 1100-1500 square feet. 550 ALBANY Street, Fort Erie is in the 333 - Lakeshore neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 5, 2025
Sold price information is available to members only
Listed Date1/8/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionMetal/Steel Siding, Aluminum Siding
BasementFinished, Full
Lot Size50 × 150 Feet
CountyNiagara
Annual Tax$3,862
Legal DescriptionPT LT 5 W/S ALBERT ST PL 990 & 991 & 992 BERTIE PT 5, 59R9377; FORT ERIE

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other, Accessory Apartment, Sump Pump

Security Features

Community Features

Location

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550 ALBANY 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 550 ALBANY Street, Fort Erie, ON L2A 6R3

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$192,000 (30.0%)
* Minimum Canadian down payment required for this price is $39,000.
Amortization Period30 Years
Estimated Monthly Payment$2,130Based on a loan of $447,999 over 30 years.
Purchase Price$639,999
Loan Amount$447,999
Provincial Land Transfer Tax:$9,275
Total Estimated Closing Taxes:$9,275

About Purchasing a Home in Fort Erie, ON

For a property listed at $639,999 in Fort Erie, the legal minimum down payment is $39,000 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 $9,275 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 $9,275.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 333 - Lakeshore, Fort Erie.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$694,553

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

Garrison Road
Public1110 Garrison Road, Fort Erie, Ontario, L2A 1N9
7.8
Our Lady of Victory
Public300 Central Avenue, Fort Erie, Ontario, L2A 3T3
5.0
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.