3705 WILLSON Street, Fort Erie, ON
Description
Property Highlights
Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of 335 - Ridgeway. Expertly crafted featuring premium other and vinyl siding construction, this residence presents an exceptional opportunity offered at $849,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 123.08 x 74.57 ft lot
- Features a ["partial basement", "unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, Storage
- equipped with ["none"] central cooling and highly efficient forced air heating via gas
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.
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Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Level, School, Park
Interior Features
Separate Hydro Meter, Storage
Security Features
Community Features
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Property History
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Pricing & Value Insights
Data-driven valuation for 3705 WILLSON Street, Fort Erie, ON L0S 1N0
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Properties in this area are selling at a steady pace.
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