255 Ontario Street

Buffalo, NY 14207

$499,000
Price
7
Beds
3
Baths
3,598 Sq. Ft.
$139 / Sq. Ft.
3,598
Sq. Ft.
$139
per Sq. Ft.

Description

In the past a few years, this 4-unit mix use property has undergone a massive remodeling worth of $100K such as electrical upgrades, the whole storefront remodel along with its flat roof, hot water tank, furnace, flooring, plumbing, carpet, painting, and some windows. With $4,400.00 monthly rental income, you can pocket some $$$$ after monthly mortgage payment. Two storefronts were combined into one and Ontario Express, the corner store, just signed the 10-year lease with 5% rent increase option...In the past a few years, this 4-unit mix use property has undergone a massive remodeling worth of $100K such as electrical upgrades, the whole storefront remodel along with its flat roof, hot water tank, furnace, flooring, plumbing, carpet, painting, and some windows. With $4,400.00 monthly rental income, you can pocket some $$$$ after monthly mortgage payment. Two storefronts were combined into one and Ontario Express, the corner store, just signed the 10-year lease with 5% rent increase option after 5 years lease term. The flat roof for the storefront was replaced a few years ago and the main roof is still in great condition. The upstairs features 5 bedrooms, 1 bath and downstairs 2 bedrooms 1 bath and fully occupied. Riverside Laundry is just right across the street, and Rite Aid, Dollar General, 7-11, riverfront, parks are within walking distance. Buffalo is rising and the fastest-growing city in New York. You will be making the best decision in real estate investing by adding this CASH COW property to your portfolio. The motivated seller. Make an offer.
  1. Listed by Khaing Naing • Park Realty of WNY LLC
    P: 716-332-3453 C: 716-507-7161 khaing.moenaing@gmail.com

Property Details for 255 Ontario Street

Subdivision Comm Complex
Jones
Styles Of Residence
Fourplex
On Waterfront
No
Parking Description
Other, See Remarks, Twoor More Spaces
Nearest Cross Street
Mayer

Location

Listing Courtesy of Park Realty of WNY LLC
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LISTING UPDATED: 03/28/2024 08:28 AM

Property Details for 255 Ontario Street

StatusActive
MLS #B1528636
Days on Market32
Taxes$2,200 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential / Mixed Use
Year Built1913
Lot Size0.09 AC / 3,850 SF
CountyErie County

Location

Listing Courtesy of Park Realty of WNY LLC
Add your commute

Building Information for 255 Ontario Street

Stories2Residences2Year Built1913Lot Size0.09 AC / 3,850 SF

Payment Calculator

$2,907 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,723

Property Taxes

$183

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 255 Ontario Street

Summary
Location and General Information
  • Elementary School District: Buffalo
  • High School District: Buffalo
  • Middle Or Junior School District: Buffalo
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Buffalo City-140200
  • Tax Annual Amount: $2,200.00
Property
Lot Information
  • Building Area Source: Other
  • Building Area Total: 3598.0
  • Land Features: Other, Residential Lot, See Remarks
  • Num Of Acres: 0.0884
  • Lot Size Area: 0.0884
  • Lot Size Square Feet: 3850.0
  • Lot Size Units: Acres
  • Parcel Number: 140200-077-570-0004-037-000
  • Road Frontage: City Street, Main Thoroughfare
  • Lot Number: 37
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $113,000
  • Year Built: 1913
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 4
  • Num Of Gas Meters: 4
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Composite Siding
  • Exterior Features: Balcony, Private Yard, See Remarks
  • Patio And Porch Features: Balcony
  • Pool Features: Community
  • Type Of Building: Mixed
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Partial
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 7
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Laminate, Other, See Remarks, Tile, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Laundry Features: Washer Hookup
  • Levels: Two
  • Sq Ft Total: 3598.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $52,800.00
  • Net Operating Income: $45,780.00
  • Number Of Units In Community: 3
  • Number Of Units Total: 2
  • Operating Expenses: $4,820.00
  • Operating Expense Includes: Insurance, Licenses, Maintenance, Trash, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $2,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $2,000.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 10-31-2033
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 2000
Unit 2
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 5
  • Features: ,Eat-In Kitchen,Formal Dining Room
  • Unit Type Total Rent: $1,400.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 02-28-2025
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1400
Unit 3
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Eat-In Kitchen
  • Unit Type Total Rent: $1,000.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 03-31-2025
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1000
Rental
Rental Information
  • Rent Includes: Gardener, Trash Collection, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 255 Ontario Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 255 Ontario Street

Taxable ValueLand$3,900Additions$109,100Total$113,000
Tax Record2023$587 ($49 / month)
Home Facts
Total Finished SqFt3,358 SqFtAbove Grade Finished SqFt3,358 SqFtUnfinished Basement SqFt240 SqFtStories2Lot Size3,850 SqFtStyleOffice BuildingYear Built1913ZoningN-3ECountyERIEAPN140200 77.57-4-37

Schools near 255 Ontario Street

This home is within Buffalo City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 4
Public - PK to 8
Rating
School
Distance
Grabiarz Campus School 79
PublicPK to 8

Riverside Academy High School
Public9 to 12

P.S. 65 Roosevelt Academy
PublicPK to 4

West Hertel Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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255 Ontario Street is a mixed use property for sale in Buffalo, NY 14207. This property was listed for sale on March 27, 2024 by Park Realty of WNY LLC, it's currently listed at $499,000. It has been on the market for a total of 32 days and was last sold on April 16, 2018. This listing's school district is Buffalo City School District. Nearby schools include Grabiarz Campus School 79, Riverside Academy High School and P.S. 65 Roosevelt Academy. 255 Ontario Street is a 7-bed, 3-bath, 3,598 sqft mixed use property built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Park Realty of WNY LLC

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.