3651 ELM STREET, Fort Erie (ridgeway), ON L0S1N0

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 599,900

Est. payment | -/mo

8 Beds

4 Baths

3,500 SqFt

Save

$ 599,900

Est. payment | -/mo

Save

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

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

3651 ELM STREET Fort Erie (ridgeway), ON L0S1N0