3705 WILLSON Street, Fort Erie, ON L0S 1N0

$849,900
: 6
BD
: 4
BA
: 2,000
SqFt

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List Price: $849,900
MLS#: X13482640
Status: ACTIVE
Type: Multifamily
SubType: Fourplex
Style: 2-Storey
Bedrooms: 6
Bathrooms: 4
Living Area: 2000-2500
Province: ON
Municipality: Fort Erie
Area: Niagara
Neighborhood: 335 - Ridgeway
Subdivision: Ridge Rd N

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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.

9052464303

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