3705 Willson Street,Fort Erie, ON L0S 1N0
Fort Erie, ON L0S 1N0
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.
Details
| MLS # | X13482640 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 77 |
| Listing Provided By | RE/MAX NIAGARA REALTY LTD, BROKERAGE | X13482640 322304 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.21 |
| Water Front | None |
Interior
| Interior Features | Separate Hydro Meter, Storage |
|---|---|
| Lease To Own Equipment | None |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Year Round Living |
|---|---|
| Roof | Metal |
| Foundation Details | Concrete Block |
| Topography | Flat |
| Construction Materials | Other, Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Front Yard Parking, Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4619 |
|---|---|
| Tax Assessed Value | 254000 |
| Tax Legal Description | PT LT 1 S/S WILLSON ST PL 349 BERTIE; PT LT 2 S/S WILLSON ST PL 349 BERTIE PT 1, 59R6503 EXCEPT PT 1, 59R9023; FORT ERIE |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Niagara |
| City | Fort Erie |
| Postal Code | L0S 1N0 |
| Area | 335 Ridgeway |
| Listing VS Median (in L0S 1N0) | |
Price: $849,900 low | high Med: $737,450 On site: 77 low | high Med: 118 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Niagara |
| City | Fort Erie |
| Postal Code | L0S 1N0 |
| Area | 335 Ridgeway |
| Listing VS Median (in L0S 1N0) | |
Price: $849,900 low | high Med: $737,450 On site: 77 low | high Med: 118 | |
