$479,900
61 QUEEN STREET
Beds
—
Baths
3
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Truly unique opportunity for homeowners, investors, or entrepreneurs. This versatile property features an owner-occupied unit plus two additional residential units, offering flexible living and income potential. The spacious owner's unit boasts exclusive access to a full basement spanning the entire building, providing exceptional storage or workspace options. Meanwhile, the two additional residential units are currently vacant, allowing for immediate occupancy or tenant selection. Adding to the appeal, the existing zoning (RM1-595) permits the operation of a small business from the front unit, making this an ideal setup for those seeking a live-work opportunity. At the rear of the property, you'll find a large detached structure that includes a covered porch, a workshop, and plenty of additional storage space perfect for hobbyists, entrepreneurs, or those simply needing extra room. It also has a separate electrical service and a Plug hook up for an RV. Located just a short walk from the Niagara River Parkway and the Friendship Trail, outdoor enthusiasts will love the easy access to scenic trails and waterfront activities. Plus, with proximity to shopping, restaurants, and convenient QEW access, everyday needs and commuting are a breeze. Don't miss this rare opportunity to own a multi-functional property in a prime location! Roof shingles on the garage / shop are less than 5 years old. Specific zoning (RM1-595) permits a Take-out Restaurant Use shall be limited to selling ready-to-eat items that do not require commercial kitchen equipment, such as coffee, tea, ice cream, muffins, and cookies prepared off-site. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- 332 - Central
- Living area
- 2,000 square feet
- Lot dimensions
- 66 x 132 FT
- Parking
- 11 total
- On market
- Sep 10, 2025
- Status changed
- Apr 18, 2026
- Annual tax
- $3,511
- Zoning
- RM1-595
- Photos
- 42
- MLS#
- X12393901
- Area
- FORT_ERIE_(CENTRAL)
Features and systems
Heating
Cooling
Cash on cash
-7.07%
Cap rate
3.45%
GRM
16.7
Break-even rent
$2,995
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort Erie (Central). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.