505 Albany St
Lakeshore, Fort Erie, Ontario L2A 6L6
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $397at the range’s middle
- Lot
- 60 x 120 ft
- Tax a year
- $5,8192026 tax year
- Built
- 31-50
- Parking
- 62 attached
- Days on market
- Members
The brief
About 505 Albany St
505 Albany St is a 3-bedroom, 3-bathroom detached house in Lakeshore, Fort Erie, listed for sale at an asking price of $695,000 (MLS® X13832102).
An open-concept brick bungalow with a backyard made for summer! With approximately 1,700 sq. ft. on the main floor plus a fully finished lower level, this home offers plenty of flexibility for daily life and entertaining. From the front foyer, the layout opens into the kitchen, dining and living areas. The kitchen brings everyone together around a large centre island with a cooktop and seating, complemented by white cabinetry, dark counters and plenty of workspace and storage. Natural light fills the dining and living areas, while an enclosed sunroom overlooks the backyard. The main floor also has 3 bedrooms and 2 full bathrooms, including a spacious primary bedroom with an ensuite featuring a soaker tub and separate shower. Downstairs, the finished lower level offers large recreation and sitting areas, a bar-style entertaining space, room for other uses, a laundry/work area and another full bathroom. A separate exterior stair entrance provides direct access to the lower level. An attached 2-car garage and generous driveway parking add everyday convenience. Out back, extensive patio space, mature landscaping, fencing, a covered sitting area and an inground pool create an inviting retreat with distinct places to lounge, dine and entertain. Whether you're looking for a retirement bungalow without giving up space or searching for your next family home, this could be the place to Love Where You Live!
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall41/100−$706/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 detached homes with 3 bedrooms for lease in Fort Erie right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,819 / 2026
- MLS® number
- X13832102
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 31-50
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 60 x 120 ft
- Listed on
- Parking
- 2 Attached, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- Lakeshore
- Municipality
- Fort Erie
Building
- Size
- 1500-2000 sqft
- Building Age
- 31-50
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Main, 1 × 4pc Main, 1 × 3pc Lower
- Basement Type
- Full
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 4
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 60 ft
- Depth
- 120 ft
- Lot Size
- 60 x 120 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- Inground
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Dishwasher, Built in microwave, built in oven, gas counter top range
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 4.87 × 6.44 m | — | Main |
| Dining | 2.98 × 3.75 m | — | Main |
| Sunroom | 2.92 × 3.01 m | — | Main |
| Living | 3.88 × 7.21 m | — | Main |
| Primary | 4.55 × 5.06 m | — | Main |
| Br | 2.84 × 3.27 m | — | Main |
| Br | 3.7 × 3.82 m | — | Main |
| Rec | 6.63 × 14.46 m | — | Lower |
| Other | 3.12 × 3.23 m | — | Lower |
| Laundry | 3.6 × 5.49 m | — | Lower |
Listing history
Buy/sell history for 505 Albany St, Fort Erie, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $695,000 | N/A | For Sale | X13832102 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $139,000
- Total mortgage amount
- $556,000
- Total interest payment
- $395,300
- Total purchase cost
- $1,090,300
- Mortgage payment
- $3,171/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
38%Monthly carrying cost
$3,656- Rent $2,950
- Shortfall $706
Rental income opens at $2,950, the median asking rent of 9 comparable homes for lease in Fort Erie. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $10,375
- Total land transfer tax
- $10,375
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $6,375
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $695,000
- $5,900
- Ontario total
- $10,375
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 7,200 sq ft669 m²
- Street frontage
- 60 ft18.3 m
- Depth
- 120 ft36.6 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- No mapped wetland within 120 m120 m
- 2 water-supply wells recorded within 250 mAll were drilled for domestic use. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 9.1 m.250 m
- Groundwater recorded about 2.4 m below ground nearbyThe middle water level in the well records within 500 m (3 records). It changes with the season and from spot to spot.500 m
- Bedrock about 4.9 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 2.7 km2.7 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is RICH PRODUCTS OF CANADA LIMITED, 1.9 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Canadian Niagara Power Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless up to 25/5 Mbps. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Last Mile Wireless Internet, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Niagara Peninsula Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in Lakeshore right now
- For sale now
- 35
- Median asking price
- $639K
- New in 7 days
- 7
- Price cuts
- 31%
Middle half: $520K to $779K
17 in 28 days
11 listings
This home is asking 9% above the median.
See all homes in LakeshoreAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Peace Bridge Public SchoolDSB Niagara | Public · grades JK–8 | 2.3 km | 94%Grade 6 average |
| Garrison Road Public SchoolDSB Niagara | Public · grades JK–8 | 2.4 km | 86%Grade 6 average |
| St Philomena Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 2.7 km | 80%Grade 6 average |
| Our Lady of Victory Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 3 km | 71%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Greater Fort Erie Secondary SchoolDSB Niagara | Public · grades 9–12 | 3.9 km | 52%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Lakeshore are shown to signed-in members.