Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Amenities: Separate Hydro Meters
Basement Development: Unfinished
Basement Type: Partial
Exterior Finish: Vinyl siding
Floor Space: 2000 - 2500 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Water meter

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 4
Amenities Nearby: Schools, Park
Features: Level lot, Flat site
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 74.6 Feet
Lot Frontage: 123.1 Feet
Lot Size: 123.1 x 74.6 FT
Zoning: TRM
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

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Demographic Information of 3705 WILLSON STREET, Fort Erie (Ridgeway), Ontario, L0S 1N0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$110,468.92

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.3 %

High school certificate or equivalent

39.86 %

Apprenticeship trade certificate/diploma

9.11 %

College/non-university certificate

26.95 %

University Degree

9.78 %

Commuter

Travel To Work

By Car

91.04 %

By Public Transit

0.0 %

By Walking

0.56 %

By Bicycle

0.0 %

By Other Methods

8.4 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

17.37 %

Houses

82.63 %

3705 WILLSON STREET, Fort Erie (Ridgeway), Ontario, L0S 1N0