For Sale

250 Phipps Street, Fort Erie, Ontario L2A 2V5

$1,999,000

250 Phipps Street, Fort Erie, Ontario L2A 2V5 is For Sale and has a listing price of 1,999,000. The property is located in the Fort Erie . It's been on the website for 45 Days.

  • Vacant Land
    Property Type
  • MLS ID: X12059518
  • Office Name RE/MAX NIAGARA REALTY LTD, BROKERAGE
Property Description

Prime Investment Opportunity 250 Phipps St, Fort Erie – An exceptional 1.246-acre development site in Fort Erie, site plan approved for a four-storey, 43-unit multi-residential building. Previously home to the original Rose Seaton School, this site carries forward its legacy as Rose Seaton Heights, a key addition to the revitalization of this growing north-end neighborhood. For those looking to move forward seamlessly, an optional development package is available for purchase, which includes all necessary studies, reports, and plans, along with prepaid Development Fees, providing a significant cost and time advantage. The buyer will be responsible for separately paying permit fees to the Town of Fort Erie. Located within walking distance to parks, Downtown Bridgeburg, and the scenic Niagara River with its walking, running, and cycling trails, this property offers tremendous potential in a rapidly developing area. Don’t miss this rare opportunity to invest in a shovel-ready, multi-residential project in a prime Fort Erie location.

Property Details
  • MLS ID: X12059518
  • Price: $1,999,000
  • Lot Depth: 220.57
  • Transaction Types: For Sale
  • Ref ID: X12059518
  • Year Built: N/A
  • Approx Sqft: < 700
  • Dir / Cross St: Central Ave & Thompson Rd
  • Status: Active
  • Tax Year: 2024
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
04/03/2025 X12059518 $1,999,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Fort Erie
  • $859,231 Average List Price
    based on 1 year
  • 26 New Listings
    based on 30 days
  • 105 Median Days on Market
    based on 1 year
  • List vs. Selling Price 226.89 % Up
  • Sold (12mo) 95
  • Rented (12mo) 30

  • 1 Month Change +7.6%
  • 3 Month Change +18.8%
  • 6 Month Change +5.9%
Walkscore
Additional Details
  • Kitchen Y
  • Taxes: $13,711
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 03/04/2025 15:25:15
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