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.
7 bedrooms, 6 bathrooms, about 3,500 sq ft, works out to roughly $285 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.Ask Zara a follow-up
Inside 223-227 Gilmore Rd
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
14 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
14
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
223-227 Gilmore Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13672578$999,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 223-227 Gilmore Rd Compares to the Fort Erie Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,908
/mo
based on the purchase price of $999,000
$199,800 cash
$799,200 financed
$673,136 total interest
Principal54%$799,200
Interest46%$673,136
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 223-227 Gilmore Rd
Homes for sale in Fort Erie
Every active Fort Erie MLS® listing, updated all day.
Average days on market60Homes sold in about 60 days on average.
Sale-to-list ratio95.5%On average, homes sold below asking.
Active listings528Homes for sale here right now.
Median vs prior 90 days+1.8%Compared with Apr 12 – Jul 11, 2026: prices up.
Based on 269 sales from Jul 11 – Oct 9, 2026 (165 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 223-227 Gilmore Rd
How much is 223-227 Gilmore Rd listed for?
223-227 Gilmore Rd is listed at $999,000 (MLS® X13672578). Summitly updates the price as soon as the MLS® record changes.
Is $999,000 a good price for 223-227 Gilmore Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Fort Erie. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 223-227 Gilmore Rd changed?
No — 223-227 Gilmore Rd is still listed at its original asking price of $999,000.
How many bedrooms and bathrooms does 223-227 Gilmore Rd have?
223-227 Gilmore Rd has 7 bedrooms and 6 bathrooms, with about 3,500–5,000 square feet of living space. It is a multiplex in Fort Erie.
How much would the monthly mortgage be on 223-227 Gilmore Rd?
About $4,908 a month — principal and interest on $999,000 with 20% down ($199,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 223-227 Gilmore Rd compare with other homes in Fort Erie?
Its asking price of $999,000 is about 77% above the median sold price in Fort Erie over the last 90 days, $565,000, across 269 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 223-227 Gilmore Rd been sold before?
Summitly has no earlier MLS® sale or lease of 223-227 Gilmore Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 223-227 Gilmore Rd?
223-227 Gilmore Rd is in Fort Erie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 223-227 Gilmore Rd been on the market?
57 days — 223-227 Gilmore Rd was listed on August 13, 2026.
What is the price per square foot of 223-227 Gilmore Rd?
About $200 to $285 per square foot: the asking price of $999,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 223-227 Gilmore Rd have parking or a garage?
Yes — the listing gives 14 parking spaces.
Does 223-227 Gilmore Rd have a basement, and is it finished?
The listing describes the basement as: Unfinished.
