3705 WILLSON Street, Fort Erie, ON L0S 1N0
Fort Erie, ON, L0S 1N0 · 335 - Ridgeway
About this property
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.
Features & Amenities
- Basement: Partial Basement, Unfinished
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Other, Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Basement | Partial Basement, Unfinished |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $4,619 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter, Storage
Exterior Features
- Exterior Features
- Year Round Living
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Other, Vinyl Siding
- Foundation Details
- Concrete Block
- Roof
- Metal
- Basement
- Partial Basement, Unfinished
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
- Parking Total
- 6.00
- Parking Features
- Front Yard Parking, Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 74.57
- Lot Width
- 123.08
Community & Neighborhood
- Property Features
- Beach, Level, School, Park
Financial & Tax
- Tax Annual Amount
- $4,619
- Tax Year
- 2025
- Tax Assessed Value
- $254,000
- Possession Type
- Immediate
- Possession Details
- immediate with tenants
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 18
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 6
- Bedrooms Below Grade
- 0
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Niagara
- Cross Street
- Ridge Rd N
- Directions
- Ridge Rd N to Willson St
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
3705 WILLSON Street, Fort Erie, ON L0S 1N0, Fort Erie, ON, L0S 1N0