Price C$599000 - 40471568

Ontario Homes for sale offer a wide variety of housing options for homebuyers looking for properties in one of Canada’s most populous provinces. The marketplace includes everything from modern luxury condominiums to historic homes with classic architectural details. The province is also home to many diverse and vibrant neighborhoods that cater to different lifestyles. Whether you’re looking for a peaceful suburban community or a bustling urban center, there is sure to be a home in Ontario that suits your preferences. Additionally, the province’s real estate market is dynamic, with properties available at different price points and in various locations.

Property Description

ATTENTION INVESTORS!!! Introducing an incredible investment opportunity. A well-maintained 4-plex for sale with a CAP Rate of 7.2%! This property boasts 4 separate units. One one-bedroom and three two-bedroom apartments, all fully leased with excellent tenants. The property generates $54,000 in annual income, with an NOI of $43,350 after expenses. With the potential to raise rental prices to market value, this investment has the added advantage of providing even greater profits in the future. Tenants pay heat and hydro; water is covered by the Landlord. The 1-bedroom unit located on the lower level boasts an open-concept layout and features updated kitchen cabinets. Meanwhile, the upper unit boasts newly installed flooring. The right wing of the four-unit residential building comprises two additional units. The spacious lower unit offers two generously proportioned bedrooms, a den, an eat-in kitchen with recently replaced cabinets, and an exceptionally large living room. The 4-plex is situated in a prime location with access to major highways and situated minutes from the US border. With a solid income stream and stable tenancy this is an amazing opportunity that investors should not pass up.

: Forced Air, Natural Gas
: Full, Unfinished
: 4
: Other
: Rectangular, Other
: Gravel
: Asphalt Shing
: Carbon Monoxide Detector(s)
: Sewer (municipal)
Address Map
Fort Erie
L2A 2R7
48-50 Courtwright Street
W79° 5′ 0.1”
N42° 55′ 44.1”
Additional information
: Vinyl Siding, Metal/steel Siding
: Stone, Concrete Block
: Water Softener Owned
: 51-99 Years
: Municipal

48-50 Courtwright Street, Fort Erie, ON L2A 2R7

7 Bedrooms
3,552 Sqft
Listing ID #40471568
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40471568
Price : C$599000
Bedrooms : 7
Square Footage : 3,552 Sqft
Building Area : 3,552 Sqft
Status : Active
Property SubType : Multi-4 Unit
Zoning : RM2
Agent info
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