12 Jarvis Street Fort Erie, Ontario L2A 2T4

$3,500,000

See video for further details. Great investment opportunity for developers. The owner is selling all 3 properties as one package. The value in these properties is in the zoning. Zoned C2A-420, it is one of only two locations in Fort Erie that allow for a 10 storey mixed use building, ideal for retail and condominiums. Properties included are; 7 Dufferin St., (5,500 sqft main building known as McCooeys Bicycle and Vacuum Shop, potential rent $3,000 with a small shop in the rear that rents for $350) 5 Dufferin St. (vacant lot) and 12-14 Jarvis St. (which consists of 2 store fronts: One rents for 900 plus hydro and the other rents for $800 plus hydro 1 large apartment that rents for $1,800 and one 2 bedroom house that rents for $532. All 3 properties combined equal 28,729 sq. ft. and have potential to bring in $6,850 monthly. The Bridgeburg Historic District AKA Jarvis St. is undergoing a renaissance. The Old Coal Docks have been renovated with new footings to maintain the shoreline, this area is a designated open space with amazing views of the Niagara River and the historic International Railway Bridge built in 1873 leading to Buffalo NY. Condos would take in all these vistas including views of Bridgeburg and the quaint tree lined streets of The North End with beautifully established homes. These commercial properties front on three streets, Jarvis St, Dufferin St. and Klauck St. Currently the Town is investing millions of dollars redesigning the main street from the Niagara Parkway to Central Ave. The ideal development property waiting for your signature design. (id:26678)

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https://www.realtor.ca/real-estate/26320115/12-jarvis-street-fort-erie