3705 Willson Street Fort Erie, Ontario L0S 1N0

$849,900

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:50857)

Property Details

MLS® Number	X13482640
Property Type	Multi-family
Community Name	335 - Ridgeway
Amenities Near By	Beach, Schools, Park
Features	Level Lot, Flat Site
Parking Space Total	6

Building

Bathroom Total	4
Bedrooms Above Ground	6
Bedrooms Total	6
Age	100+ Years
Amenities	Separate Electricity Meters
Appliances	Water Meter
Basement Development	Unfinished
Basement Type	Partial (unfinished)
Cooling Type	None
Exterior Finish	Vinyl Siding
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Beach, Schools, Park
Sewer	Sanitary Sewer
Size Depth	74 Ft ,7 In
Size Frontage	123 Ft ,1 In
Size Irregular	123.1 X 74.6 Ft
Size Total Text	123.1 X 74.6 Ft
Zoning Description	Trm

https://www.realtor.ca/real-estate/29946002/3705-willson-street-fort-erie-ridgeway-335-ridgeway