Homula Realty Brokerage
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223-227 Gilmore Road, Fort Erie, ON L2A 2M2

7 beds · 6 baths · 5 kitchens · 15 rooms · 14 parking spaces · 3500-5000 sq ft · Multiplex
$999,000
Property tax
$8,093 / year

Excellent investment opportunity- Five-unit apartment complex for sale. All five units are well-maintained. In addition, there are four one-bedroom units on the main level with stainless steel appliances and one three-bedroom unit on the second level. These units are located in the heart of Fort Erie, close to major highways and all amenities. Every unit features a separate parking space and hydro meter. A management company oversees four of the units.

MLS number
X13672578
Type
Multiplex
Status
Active
Bedrooms
7
Bathrooms
6
Postal code
L2A 2M2
Photos
40
Laundry
Not in the unit
31days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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
Elementary383 m6.7 / 10
67% met the standard
Peace Bridge Public School
DSB Niagara
Elementary684 m9.5 / 10
95% met the standard
Fort Erie International AcademyElementary and secondary681 mNot reported
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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 449 people.

$59,200Median household income
65%Own their home
76.2%Detached houses
45.2Median age
15.7%Born outside Canada
7.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260717 — the few blocks around this address, home to 449 people. It describes the area, not this property.

449Population
44.2Average age
2.1Household size
$65,000Average household income
$59,200Median household income
65%Own their home
35%Rent
0%Condominiums
16%Born outside Canada
8%University degree
$410,000Average home value
17%Low income
58%Not in the labour force
32%Never married
$5,000 to $9,9992%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9994%
$40,000 to $44,9998%
$45,000 to $49,9994%
$50,000 to $59,99910%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9998%
$90,000 to $99,9994%
$100,000 and over16%
$100,000 to $124,9998%
$125,000 to $149,9994%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 250 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.

$199,800 · minimum here is $74,900
$4,423.36per month
Borrowed before insurance$799,200
Total borrowed$799,200
Interest over 25 years at 4.5%$527,807

If you rented it out

-$5,097.77per month out of pocket
Rent$0.00
Everything it costs to hold$5,097.77
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 COLDWELL BANKER SUN REALTY. Listing data provided by the Toronto Regional Real Estate Board.