$425,000
146 Central Avenue, Fort Erie, ON L2A 3S7
Central
Central · L2A 2R7
$399,000
$266 / sq ft1 months on market
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$425,000
Central
ATTENTION INVESTORS! New Price - Under $400,000! 100% vacant duplex with verified rental potential of $3,100/month, delivering an impressive 9.3%+ gross rental yield. Featuring no basement to maintain and separate gas and hydro meters, this turnkey investment is ready for its next owner. Located just steps from the Niagara River, this property is also well positioned to benefit from the Niagara Region's ongoing economic revitalization and the proposed Buffalo Outer Harbor Cruise Terminal project located directly across the river. Situated on a generous 54' x 135' lot, this well-maintained duplex offers two fully self-contained units, each with its own private entrance, kitchen, and in-suite laundry. Separate gas and hydro meters provide simplified property management and reduced operating expenses. The front unit features 1 bedroom and 1 bathroom, while the rear unit offers 2 bedrooms and 1 bathroom. With both units currently vacant, the property provides exceptional flexibility for investors seeking immediate market rents or owner-occupants looking to offset their mortgage by renting one unit. The property's rental history has been verified: in 2025, the front unit rented for $1,500/month and the rear unit rented for $1,600/month, generating a total of $3,100 in monthly rental income. Conveniently located near downtown amenities, parks, waterfront trails, and the Niagara River, this is an outstanding investment opportunity offering strong cash flow, excellent rental demand, and long-term growth potential in a thriving riverside community.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 18% of comparable multiplex listings in Central are asking less.
Based on 11 comparable active multiplex listings in Central. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $399,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of BAY STREET GROUP INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of Century 21 Heritage House LTD
$350,000
Central
Listing courtesy of Century 21 Heritage House LTD
$364,999
Central
Listing courtesy of COLDWELL BANKER MOMENTUM REALTY, BROKERAGE
$449,900
Central
Listing courtesy of Century 21 Heritage House LTD