250 Phipps Street, Fort Erie, ON
L2A 2V5
Listed September 4, 2026
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
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Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 250 Phipps Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$438,000 · Minimum $438,000
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One-time costs
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Estimated monthly cost of ownership
$10,912/mo
About $130,944 a year
- $9,687
- $1,225
Cash needed to close
- Down payment (20%)
- $438,000
- Ontario land transfer tax
- $41,225
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $481,725
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
250 Phipps Street, Fort Erie, ON
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Last Updated: September 4, 2026
Listing Office: RE/MAX NIAGARA REALTY LTD, BROKERAGE
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