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Est. payment /mo
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3705 WILLSON ST Fort Erie, ON L0S 1N0
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 335 - Ridgeway
MLS Listing ID X13482640
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,619
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Exceptional investment opportunity in the heart of Ridgeway! Welcome to 3705 Willson Street - a well-maintained legal non-conforming fourplex situated on a large corner lot with ample parking and tremendous long-term upside.This turnkey income property features four self-contained units comprised of two 2-bedroom units and two 1-bedroom units, all currently tenanted on month-to-month leases. The 2-bedroom units generate $1,650/month each, while the 1-bedroom units generate $1,300/month each, offering strong and consistent rental income. With a projected cap rate of approximately 6.8%, this property presents an attractive opportunity for investors seeking solid returns.Pride of ownership is evident throughout. The building has been extremely well maintained, with updated major components including a metal roof, newer siding, and a newer furnace. All units are in excellent condition and have been carefully cared for, making this an ideal opportunity for both seasoned and first-time investors.Located in desirable Ridgeway, just minutes from Crystal Beach, shopping, restaurants, and local amenities, this property offers strong tenant appeal in a growing rental market.With a strong income stream, excellent condition, and plenty of future potential, this is a rare opportunity to add a solid multi-residential asset to your portfolio.
Location
Province ON
County Niagara
Area Niagara
Zoning TRM
Rooms
Family Room No
Basement Partial Basement, Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter, Storage
Cooling None
Exterior
Exterior Feature Year Round Living
Parking Features Front Yard Parking, Private
Pool None
Roof Type Metal
Lot Frontage 123.08
Lot Depth 74.57
Total Parking Spaces 6
Building
Building Age 100+
Foundation Concrete Block
Others
Senior Community No
ParcelsYN Yes
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
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