3705 WILLSON STREET
Fort Erie (Ridgeway), Ontario
MLS® X13482640
$849,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13482640
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- —
1 / 6Listing 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.
Property summary
- MLS® number
- X13482640
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 123.1 x 74.6 FT
- Annual property taxes
- $4,619.00
- Parking
- 6 spaces · No Garage
- Days on market
- 85 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, Partial
- Appliances
- Water meter
- Exterior features
- Vinyl siding
- Lot features
- Level lot, Flat site
What would this home cost you?
Based on the $849,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE, ST. CATHARINES.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.