2Previously 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.
3The buyer will be responsible for separately paying permit fees to the Town of Fort Erie.
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Lots & Land in Fort Erie
About 250 Phipps Street
Prime Investment Opportunity 250 Phipps St, Fort Erie - Security Deposit already paid! 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, the purchase price includes the site-plan agreement, paid $300K Town of Fort Erie security deposit, studies, reports, and plans; 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.
Fort Erie land priced at $2,190,000 — book a tour to see if it fits your search.
Inside 250 Phipps St
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
1.246
Listing & possession
Property class
Vacant Land
250 Phipps St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13763076$2,190,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 250 Phipps St Compares to the Fort Erie Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$10,759
/mo
based on the purchase price of $2,190,000
$438,000 cash
$1,752,000 financed
$1,475,644 total interest
Principal54%$1,752,000
Interest46%$1,475,644
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.
Average days on market60Homes sold in about 60 days on average.
Sale-to-list ratio95.5%On average, homes sold below asking.
Active listings489Homes for sale here right now.
Median vs prior 90 days+2.3%Compared with May 12 – Aug 10, 2026: prices up.
Based on 248 sales from Aug 10 – Nov 8, 2026 (187 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 250 Phipps St
How much is 250 Phipps St listed for?
250 Phipps St is listed at $2,190,000 (MLS® X13763076). Summitly updates the price as soon as the MLS® record changes.
Has the price of 250 Phipps St changed?
No — 250 Phipps St is still listed at its original asking price of $2,190,000.
How many bedrooms and bathrooms does 250 Phipps St have?
The listing for 250 Phipps St doesn't publish its bedroom and bathroom count. It is a lot in Fort Erie.
How much would the monthly mortgage be on 250 Phipps St?
About $10,759 a month — principal and interest on $2,190,000 with 20% down ($438,000), 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 250 Phipps St compare with other homes in Fort Erie?
Its asking price of $2,190,000 is about 286% above the median sold price in Fort Erie over the last 90 days, $567,500, across 248 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 250 Phipps St been sold before?
Summitly has no earlier MLS® sale or lease of 250 Phipps St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 250 Phipps St?
250 Phipps St is in Fort Erie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 250 Phipps St been on the market?
65 days — 250 Phipps St was listed on September 4, 2026.
What is the lot size of 250 Phipps St?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on 250 Phipps St?
About $41,225 in Ontario land transfer tax at the asking price of $2,190,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 250 Phipps St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 250 Phipps St?
The listing for 250 Phipps St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Fort Erie.
