#B1568524, Emily Cornwell, Listing Office: Hanna Commercial
255 Ontario St Buffalo, NY 14207
Property details
About 255 Ontario St
In the past few years, this 4-unit mix use property has undergone a massive remodeling worth more than $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 $52,800.00 annual rental income, you can pocket some $$$$ after monthly mortgage payment. Two storefronts were combined into one and Ontario Express, the corner store, 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. Riverside neighborhood has seen so many development projects and continues to see more exciting new development momentum. What is greater is that it will not stop its momentum in the foreseeable future. Located on busy street corner, you won’t be disappointed to add this CASH COW property to your portfolio. Priced to sell. Make your offer.
Highlights
Summary
- MLS Number: B1597345
- MLS Name: NYS
- Office Name: Park Realty of WNY LLC
- Office Email: khaing.moenaing@gmail.com
- Listing Agent: Khaing Naing
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Last updated on: 4/4/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$399,900
255 Ontario St
$4,749
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Apr 16, 2018 | Home Sold | $65,000 |
Jun 26, 2015 | Home Sold | $25,000 |
Mar 28, 2007 | Home Sold | $36,000 |
Jun 20, 2006 | Home Sold | $30,000 |
Mar 02, 2005 | Home Sold | $40,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $113,000 | $587 |
2022 | $113,000 | $587 |
2021 | $113,000 | $1,384 |
2020 | $113,000 | $1,384 |
2019 | $36,000 | $1,338 |
2018 | $36,000 | $1,279 |
2017 | $36,000 | $1,204 |
History based on county public records data.
Nearby schools
3
PS 65 Roosevelt Early Childhood Center
Public District PK-4
0.7 mi
•249 Skillen St
4
Elmwood Village Charter School Hertel
Public Charter KG-5
1.0 mi
•665 Hertel Ave
7
PS 64 Frederick Law Olmsted
Public District PK-4
1.7 mi
•874 Amherst St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,518. Typical income of Buffalo, NY residents is less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
Similar homes for sale
This home is located at 255 Ontario St in Buffalo, NY and zip code 14207 in the Riverside Park neighborhood. This 3,598 square foot home, which was built in 1913, sits on a 0.09 acre lot. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $399,900.
Over 132 listings were sold over their listed price in March 2025 in Buffalo, NY. In the same period over 101 listings were sold below the listed price and 14 listings were sold for the listed price. The number of listings in Buffalo, NY decreased by 3.2% between February and March 2025. In March 2025 median list price was $240,162 and the average listing age was 32 days.