2
$2,495,000
N/A Dunlop Street, Fort Erie, ON L2A 4H7
Central
626,393 sf
3 months on marketMLS® X13600078
Listing courtesy of AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
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For saleMLS® X13763076
250 Phipps Street, Fort Erie, ON L2A 2V5
Central · L2A 2V5
$2,190,000
1 months on market
- Lot
- 198.56 × 220.57 ft
About this property
Prime Investment Opportunity 250 Phipps St, Fort Erie - Security Deposit already paid! 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, the purchase price includes the site-plan agreement, paid $300K Town of Fort Erie security deposit, studies, reports, and plans; 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
Property
- Property type
- vacant land
- Lot size
- 198.56 × 220.57 ft
- Zoning
- RM1-501
- Possession
- Flexible
Interior
- Exposure
- North
Costs
- List price
- $2,190,000
- Property taxes
- $14,697 / year (2025)
Listing
- MLS® number
- X13763076
- Status
- For sale
- Listed
- September 9, 2026
- Days on market
- 56
- Last updated
- September 9, 2026
- Listing brokerage
- RE/MAX NIAGARA REALTY LTD, BROKERAGE
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 87% of comparable vacant land listings in Fort Erie are asking less.
$140KMedian $375K$2.79M
Based on 93 comparable active vacant land listings in Fort Erie. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $438,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $9,687.11
- Property tax (est.)
- $1,224.75
- Estimated monthly
- $10,912
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $41,225
- Total due on closing
- $41,225
An estimate on the asking price of $2,190,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE. 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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