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$ 599,900
Est. payment | /mo
8 Beds
4 Baths
3,500 SqFt
$ 599,900
Est. payment | /mo
8 Beds
4 Baths
3,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $171
Subdivision 335 - Ridgeway
MLS® Listing ID X12353708
Bedrooms 8
Source Niagara Association of REALTORS®
Property Description
Unlock the potential in this massive 3,840 sq. ft. brick 4-plex situated in a central Fort Erie location, oozing with potential. Located in downtown Ridgeway, only moments from shops, restaurants, the farmers market and recreational trails, these apartments will be very easy to rent. Each unit offers 2 bedrooms, some with original wood floors, with three currently rented and one vacant. The property features 5 separate hydro meters, 4 gas meters, and 4 individual gas furnaces, giving each tenant control over their own utilities. The full basement adds valuable storage or potential development space. The roof is approximately 7 years old, and the building sits on a solid foundation, ready for a visionary investor to restore it to its full glory. Sitting on a 53.15x198.54 lot, there may be future potential to expand this building or add a second building (Buyer to satisfy themselves). While this property will require significant work, the size, location, and existing rental income make it an outstanding value-add opportunity. Seize this chance to own a substantial income property in one of Fort Erie's most desireable areas! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by ROYAL LEPAGE NRC REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada