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Price Change$2,400,000

4337 ERIE RD Road

337 - Crystal Beach, Fort Erie

$2,100,000

Detached|2-Storey
5 | 3 | 11
About this home

WELCOME TO BAY BEACH! Need help with the mortgage payment? Huge income potential in Short Term Rental program.! One of the finest white sand beaches in all of Niagara. Outstanding Beach front opportunity. Here sits a Beachfront Paradise with NOT 1 BUT 2 year round homes. The Front home offers a MILLION DOLLAR VIEW of Lake Erie. Whether it's the Sunrise, Sunset or Stormy day you will be mesmerized by the beauty of this view. 24 foot Cathedral ceilings with floor to ceiling windows offer a full view of the lake from the open concept Kitchen, Dining and Family. Built in 1987 this home offers 5 bedrooms, 4 bathrooms. Brand new break wall just completed with Steel pilings 13 feet in to the ground backfilled with concrete. Large concrete deck for summer time entertaining. Garage with inside entrance and 9 ft. ceilings offers plenty of room for parking and beach toys. Walk out in the crystal clear water to your Moored boat and Sea-do's. In minutes you can enjoy a short ride to the local Bertie Boat Club for drinks and dinner. Take a spin on the Niagara River and visit the Buffalo water front restaurants. Join the Bay Beach Club or the Buffalo Canoe Club for further entertainment. The rear fully winterized 3 bedrooms, 2 bathrooms, lovely screened in porch, perfect for your guests or as a rental income. Opportunity to operate both homes as possible short term rental or Bed and Breakfast. Within walking distance to the quaint village of Crystal Beach with its unique shops, restaurants, and weekly summer time bands and food trucks. Pictures, virtual tour and video attached gives you a great peek at what this property offers. Book your private tour and seize this opportunity to enjoy true Beach Front living. Take a look at the video, the beach is calling you!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age16-30
Size2000-2500 sq. ft.
Property Tax$13,000
Lot Size45.13 ft x 520 ft
mls© NumberX13576760
Listed ByCentury 21 Heritage House LTD

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,749
Property tax
$1,083
Heat allowance
$150
Housing costs
$11,982 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $420,000
25-yr amortization

Income needed

$369,000

gross annual household income

Payment at 4%
$8,837 / mo
Cash down
$420,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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