$849,900
Est. payment $3,763/moCalculate yours
3705 WILLSON Street, Fort Erie, ON L0S 1N0
335 - Ridgeway, Fort Erie, ON L0S 1N0
- 6 Beds
- 4 Baths
- 2,000 Sq Ft
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE MLS® X13482640
About this home
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.
Property details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 100+
- Size
- 2,000 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- Partial Basement, Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Other, Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Metal
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 123.08 x 74.57 Feet
- Parking
- None garage · 6 total
- Zoning
- TRM
Financial
- Property Taxes
- $4,619 (2025)
Location
- Neighbourhood
- 335 - Ridgeway
- Cross Street
- Ridge Rd N
- Direction Faces
- South
Listing
- MLS® Number
- X13482640
- Days on Market
- 116
- Listed On
- 2026-06-24
- Possession
- immediate with tenants
- Listed By
- RE/MAX NIAGARA REALTY LTD, BROKERAGE
Features
Interior
- Separate Hydro Meter
- Storage
Property
- Beach
- Level
- School
- Park
Pool
- None
- Excluded
- tenant's contents
Mortgage calculator
Estimated mortgage payment
$3,763 per month
- Principal and interest
- $3,763
- Property tax
- $385
- Condo fees
- $0
- Estimated monthly cost
- $4,148
Your mortgage
- Mortgage amount
- $679,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $449,032
Cash to close
- Down payment
- $169,980
- Land transfer tax
- $13,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $183,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.