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About the Listing 322304 -
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.
Listing Highlights
Status
Active
Days on Site
21
Property Type
Multi-Family
MLS ®
X13482640
Year Built
Total Square Footage
2,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial Basement,Unfinished
- Other: Separate Hydro Meter,Storage,4 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Metal
- Others: Year Round Living,Beach,Level,School,Park
- Sewer: Sewer
- Parking Features: Front Yard Parking,Private,No Garage
Financial Details
- Tax Amount: $4,619
- Taxes w/Assessments: N/A
- Tax/Property ID: 641920198
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
3705 Willson St Fort Erie, ON L0S 1N0
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