3651 Elm St, Fort Erie, Ontario

Multi-Family for Sale in Fort Erie

3651 Elm St, Fort Erie, ON

  • CA$549,900
  • 8 BEDS
  • 4 BATHS
  • 10,523.70 ac Land
  • CA$549,900

Multi-Family for Sale in Fort Erie

3651 Elm St, Fort Erie, ON

  • CA$549,900
  • 8 BEDS
  • 4 BATHS
  • 10,523.70 ac Land
  • CA$549,900

Key Facts

  • MLS® #: X12353708
  • Property ID: SIRC2904267
  • Property Type: Residential, Fourplex
  • Lot Size: 10,523.70 ac
  • Year Built: 51
  • Bedrooms: 8
  • Bathrooms: 4
  • Additional Rooms: Den
  • Parking Spaces: 8
  • Listed By:
  • ROYAL LEPAGE NRC REALTY

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!

Listing Agents

ROYAL LEPAGE NRC REALTY

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Location

3651 Elm St, Fort Erie, Ontario, L0S 1N0 Canada

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