




387 Elmwood Avenue, Fort Erie, ON
L0S 1B0
Listed October 30, 2026
Property Tour
About this property
**3 DETACHED BUNGALOWS, ONE LOT, ENDLESS POSSIBILITIES!** That's right, you're getting THREE separate, fully winterized, one-bedroom bungalows, all sold together as ONE package deal, just steps from Crystal Beach! Whether you're looking to expand your investment portfolio, live in one and rent out the other two, or create the perfect setup for multi-generational living (close to the in-laws, but not TOO close!), this is an opportunity you don't see every day. All three units are VACANT and ready for immediate possession, giving you the freedom to choose your own tenants, set your own rental rates (Previously rented for $1400+hydro each), or move right in! Each bright and inviting bungalow features one bedroom, a 4-piece bathroom, an open-concept kitchen and living area, and vaulted ceilings that make the space feel surprisingly spacious. Extensively updated over the past 13 years, improvements include spray foam insulation in the walls, ceilings and crawl spaces, windows, roofs (2018), vinyl siding, updated kitchens and bathrooms, flooring, electrical, plumbing, private decking and stamped concrete walkways. Each bungalow also features ductless heating and air conditioning (installed in 2022), plus back up electric baseboard heating for year-round comfort. Here's where it gets even better: All three bungalows share ONE property tax bill and ONE water/sewer bill, with THREE separate hydro meters. No natural gas bills to worry about! Enjoy the convenience of three independent living spaces on one property, within walking distance of Crystal Beach, local restaurants, shops and everything this vibrant beach community has to offer. Three bungalows. One property. Your tenants, your family, your future plans. Vacant, versatile and ready for its next chapter!
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 387 Elmwood Avenue — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$105,000 · Minimum $27,500
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2026 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$3,436/mo
About $41,232 a year
- $2,322
- $221
- Home insurance$125
- Utilities$330
- Maintenance & repairs$438
Cash needed to close
- Down payment (20%)
- $105,000
- Ontario land transfer tax
- $6,975
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $114,475
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
387 Elmwood Avenue, Fort Erie, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: October 30, 2026
Listing Office: ROYAL LEPAGE NRC REALTY
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