61 Prospect Point Road, Fort Erie, ON

$449,000
MLS#:X11907174
3 beds
1 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 335 - Ridgeway. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $449,000 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.

  • 3 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 61.06 x 114.83 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: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Your Perfect Retreat! Welcome to this inviting property located in Ridgeway, just a short stroll away from the stunning shores of Lake Erie and the vibrant downtown core. This home offers a unique blend of comfort and convenience, making it an ideal choice for retired couples or first-time buyers.This charming residence features three bedrooms, providing plenty of room for guests, a home office, or hobbies. The layout includes a well-appointed bathroom designed for functionality and ease, ensuring comfort.As you step inside, you'll be greeted by a warm and cozy atmosphere that exudes easy living. The bright and airy living area is perfect for relaxation or entertaining guests, while the kitchen is ideal for preparing your favourite meals.Enjoy the serenity of the surrounding neighbourhood, with scenic friendship trail at your doorstep. Embrace the outdoor lifestyle with lakeside activities, all while being just minutes away from the shops, restaurants, and cultural attractions of downtown.This property is designed for low-maintenance living, allowing you to spend more time enjoying the things you love. Whether you're looking to downsize or take that exciting first step into homeownership, this property is a delightful option that wont last long! Don't miss your chance to own this charming home .. schedule a viewing today!

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Property Summary

This detached home located at 61 Prospect Point Road, Fort Erie is currently for sale and has been available on SousaSells for 558 days. This property is listed at $449,000 with an estimated mortgage of $1,495* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 61 Prospect Point Road, Fort Erie is in the 335 - Ridgeway neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 29, 2025
Sold price information is available to members only
Listed Date1/3/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementUnfinished
Lot Size61.06 × 114.83 Feet
CountyNiagara
Annual Tax$2,671.38
Legal DescriptionPT LT 23 CON 1 LAKE ERIE BERTIE, PT 1, 59R12992; FORT ERIE

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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61 Prospect Point Road, 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 61 Prospect Point Road, Fort Erie, ON L0S 1N0

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$134,700 (30.0%)
* Minimum Canadian down payment required for this price is $22,450.
Amortization Period30 Years
Estimated Monthly Payment$1,495Based on a loan of $314,300 over 30 years.
Purchase Price$449,000
Loan Amount$314,300
Provincial Land Transfer Tax:$5,455
Total Estimated Closing Taxes:$5,455

About Purchasing a Home in Fort Erie, ON

For a property listed at $449,000 in Fort Erie, the legal minimum down payment is $22,450 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 $5,455 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 $5,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 335 - Ridgeway, Fort Erie.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$826,160

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
St Philomena
Public1332 Phillips Street, Fort Erie, Ontario, L2A 3C2
7.3
General Vanier
Public
6.8
Our Lady of Victory
Public300 Central Avenue, Fort Erie, Ontario, L2A 3T3
5.0

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.