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250 Phipps Street Fort Erie ON

📍 Fort Erie, Ontario L2A 2V5

$1,799,000

Active
198.56×220.57LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X12955032
ListedApr 3, 2026
Days on Market—
Property TypeResidential Freehold
StyleVacant Land
Cross StreetCentral Ave & Thompson Rd
PossessionImmediate

📝 Listing Description

Prime Investment Opportunity 250 Phipps St, Fort Erie - 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, an optional development package is available for purchase, which includes all necessary studies, reports, and plans, along with prepaid Development Fees, 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 TypeResidential Freehold
StyleVacant Land

📐 Lot & Land

Lot Width198.56 ft
Lot Depth220.57 ft
Lot Size1.25 sqft
Cross StreetCentral Ave & Thompson Rd

💰 Financial

List Price$1,799,000
Annual Taxes$14,697 (2025)
PossessionImmediate

🧮 Mortgage Calculator

$359,800
Est. Monthly Payment
$8,838/mo
Principal: $1,439,200 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by RE/MAX NIAGARA REALTY LTD, BROKERAGEData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X12955032 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.