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242 HENRIETTA STREET, Fort Erie (Central) — listed at $599,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
INVESTMENT OPPORTUNITY WITH INCOME POTENTIAL! This spacious 2 unit property offers two - 3 bedroom,1 bath units, providing an excellent opportunity for investors, multi-generational living, an owner-occupier looking to offset their housing costs with rental income, or the possibility of converting two units into one unit to create a spacious beautiful large family home! Both units are currently leased. The generous size lot provides plenty of outdoor space, while 2 separate driveways and a detached double garage offer excellent parking and storage options. The basement is common area shared by both units and provides access to laundry facilities. With 6 bedrooms, 3 bathrooms (one of which is the 3 piece bathroom in basement, but will require renovation by the new owner), 2 separate living units, 2 driveways and a detached double car garage, this property offers a combination of space and flexibility that is difficult to find. Whether you are an investor looking to add a multi-residential property to your portfolio, or an owner-occupier seeking a home with income potential, or you wish to convert it to a single family home, this property offers multiple possibilities. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 4.11 x 2.91 meters |
| Bathroom | Second level | 2.67 x 2.36 meters |
| Bedroom 2 | Main level | 5.0546 x 3.2957 meters |
| Bedroom 3 | Main level | 3.19 x 3 meters |
| Living room | Main level | 6.42 x 4.03 meters |
| Kitchen | Main level | 3.9941 x 2.9019 meters |
| Bathroom | Main level | 2.8702 x 1.6637 meters |
| Bedroom | Second level | 4.27 x 2.89 meters |
| Bedroom 2 | Second level | 4.2 x 2.71 meters |
| Bedroom 3 | Second level | 4.24 x 3.61 meters |
| Kitchen | Main level | 5.22 x 3.67 meters |
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 8 spaces — Detached Garage, Garage.
Is this a good starter home?+
At $599,000, this is priced in starter-home territory for Fort Erie (Central). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,188.67, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Partially finished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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