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$574,900
Fort Erie
3993 Wellington Court, Fort Erie (Crystal Beach), Ontario, L0S1B0
This multi-family property in Fort Erie is for sale offering roughly 2,250 sq ft of space.
Excellent 4 plex features 4 2 bedroom apartments and incredible future income and expansion potential! Solid building with many updates. 4 separate hydro meters. 4 separate gas meters. Nice, neat and clean. Updated windows, and roof. Located on .32 of an acre, this lot offers lots of room for expansion and the creation of additional units. (Buyer to verify with the Town of Fort Erie). Very reasonable expenses. Average water bill is $156.00 and insurance is $242.00 per month. 4 long term tenants. Current rents are substantially under market value. A new owner can renovate each unit as they become available, and increase the rents to market level. Wonderful opportunity for a patient and experienced real estate investor. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 81 days on market, against an average age of 83 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
This 8-bed multi-family in Fort Erie (Crystal Beach) has been listed for 81 days, which is 2 days fresher than the city average of 83. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $574,900, about 6.1× the local median household income of $95,000.
Carrying it typically needs a household income of about $112,298 (20% down, 25-yr amortization, stress-tested) — roughly 18% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0S)
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Loading rates, 30-yr amortization
Cash Needed to Close
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