3705 Willson Street,Fort Erie (Ridgeway), ON L0S1N0
Fort Erie (Ridgeway), ON L0S1N0
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. (id:13843)
Details
| MLS # | X13482640 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 121 |
| Listing Provided By | RE/MAX NIAGARA REALTY LTD, BROKERAGE | Marta Andre |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | TRM |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Water meter |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Level lot, Flat site |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 6 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4619 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Fort Erie (Ridgeway) |
| Postal Code | L0S1N0 |
| Listing VS Median (in L0S1N0) | |
Price: $849,900 low | high Med: $749,000 sqft: 2,000 low | high Med: 1,700 $ / sqft: $425 low | high Med: $455 On site: 121 low | high Med: 96 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Fort Erie (Ridgeway) |
| Postal Code | L0S1N0 |
| Listing VS Median (in L0S1N0) | |
Price: $849,900 low | high Med: $749,000 sqft: 2,000 low | high Med: 1,700 $ / sqft: $425 low | high Med: $455 On site: 121 low | high Med: 96 | |
