3993 Wellington Court, Fort Erie, ON L0S 1B0
- $599,900
- 8
- BD
- 4
- BA
- 2,000
- SqFt
- List Price
- $599,900
- MLS#
- X13681028
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- 2-Storey
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Fort Erie
- Area
- Niagara
- Neighborhood
- 337 - Crystal Beach
- Subdivision
- Derby And Wellington
Property Description
Excellent 4 plex features 4 2 bedroom apartments and incredible future income and expansion potential! Solid building with many updates. 4 separate hydro meters. 4 separate gas meters. Nice, neat and clean. Updated windows, and roof. Located on .32 of an acre, this lot offers lots of room for expansion and the creation of additional units. (Buyer to verify with the Town of Fort Erie). Very reasonable expenses. Average water bill is $156.00 and insurance is $242.00 per month. 4 long term tenants. Current rents are substantially under market value. A new owner can renovate each unit as they become available, and increase the rents to market level. Wonderful opportunity for a patient and experienced real estate investor.
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Additional Information
- Taxes
- $4,092
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- None
- Lot Depth
- 123
- Kitchens
- 4
- Exterior
- Aluminum Siding, Vinyl Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 8
- Parking Type
- Private Double
Mortgage Calculator
Listing courtesy of ROYAL LEPAGE NRC REALTY.