3651 Elm ST new Save Request In-Person Tour Request Virtual Tour
Fort Erie,ON L0S 1N0
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 335 - Ridgeway
MLS Listing ID X12353708
Style 2-Storey
Bedrooms 8
Building Age 51-99
Annual Tax Amount $4,183
Tax Year 2025
Property Sub-Type Fourplex
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!
Location
Province ON
County Niagara
Community 335 - Ridgeway
Area Niagara
Rooms
Family Room No
Basement Full,Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter,Water Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Flat,Tar and Gravel
Topography Flat
Lot Frontage 53.15
Lot Depth 198.0
Total Parking Spaces 8
Building
Unit Features Other,Park,Place Of Worship,School Bus Route,School
Foundation Concrete
Others
ParcelsYN No