Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

131-139 Niagara Boulevard, Fort Erie, ON L2A 3G6

Commercial Retail
$2,500,000

Calling all investors! Welcome to 131-139 Niagara Boulevard, an approximately 14,000 sq. ft. mixed-use building offering incredible flexibility and growth potential under CMU6-612 zoning with the ability to expand up to 5 storeys. This solid concrete-and-brick structure is built to last, with the main utilities trunk line running through the center for ease of future modifications, and its ideally positioned on Niagara Boulevard with excellent visibility, close to major amenities, and even offering river views from select areas of the building. The property currently features 4 main floor commercial units (3 currently being rented) and 3 residential units, while a large back room and an abundance of additional space throughout the building allow for endless expansion possibilitieswhether thats more residential units, retail space, storage, or custom business use. Notably, a section of the building has been professionally built out and equipped as a recording studio, complete with specialized infrastructure that offers a unique opportunity for music, media, or production businesses to thrive, or for investors to capitalize on niche rental demand. Combined with a good-sized section of the lot available for parking, this is truly an investors dream and a rare chance to secure a high-value asset in a thriving area. This Property CAN BE SOLD AS A PACKAGE WITH 155 Niagara Boulevard (PIN: 644730148) and PT LT 2 Niagara Boulevard (PIN: 644730149). ALL THREE (3) PARCELS WOULD BE BEING SOLD TOGETHER FOR $3,500,000.00.

MLS number
X12376122
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L2A 3G6
Photos
31
Property tax
$20,397 / year
375days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Our Lady of Victory Catholic Elementary School
Niagara CDSB
Elementary956 m6.7 / 10
67% met the standard
Peace Bridge Public School
DSB Niagara
Elementary1.3 km9.5 / 10
95% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 504 people.

$57,200Median household income
51.2%Own their home
47.4%Detached houses
51.6Median age
12.8%Born outside Canada
14.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260716 — the few blocks around this address, home to 504 people. It describes the area, not this property.

504Population
48.5Average age
2.3Household size
$76,000Average household income
$57,200Median household income
51%Own their home
49%Rent
0%Condominiums
13%Born outside Canada
15%University degree
$630,000Average home value
21%Low income
91%Not in the labour force
26%Never married
$10,000 to $14,9996%
$15,000 to $19,9994%
$20,000 to $24,9996%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9996%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9996%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9998%
$90,000 to $99,9994%
$100,000 and over18%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9992%

Percentages are of the 245 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$500,000 · minimum here is $500,000
$11,069.46per month
Borrowed before insurance$2,000,000
Total borrowed$2,000,000
Interest over 25 years at 4.5%$1,320,838

If you rented it out

-$12,769.21per month out of pocket
Rent$0.00
Everything it costs to hold$12,769.21
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE NRC REALTY. Listing data provided by the Toronto Regional Real Estate Board.