Rachel Stempski

Broker


LOADING

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

7 Bedroom 4 Bathroom 3552
None Forced Air

$749,900

Attention Investors !! This 4 Plex has three (3)- 2 bedroom units and one (1) - 1 bedroom unit. Currently there is a vacant 2 bedroom unit that needs work but would allow the new owner to collect market rent and bring current gross rent up. This multi-Family building has the potential to gross over 70k a yr when rents are brought up to market value. Tenants pay heat and hydro, water is covered by owner $2820. Currently there are 3 amazing tenants in the building. The lower 1 bedroom unit is open-concept and has newer kitchen cabinets. The upper unit is rented and has new flooring. The right side of the 4-plex consists of 2 more residential units. The large lower unit is rented and has 2 nice sized bedrooms, a den, large eat-in kitchen with new cabinets and a very large living room. The upper unit is vacant and ready for you to update it. One street over is Jarvis and the city is currently working on updates and improvements. The Niagara River is located at the end of the street (id:50705)

Property Details

MLS® Number 40341921
Property Type Multi-family
Equipment Type Water Heater
Features Crushed Stone Driveway
Parking Space Total 4
Rental Equipment Type Water Heater

Building

Bathroom Total 4
Bedrooms Total 7
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type None
Exterior Finish Metal, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3552
Type Fourplex
Utility Water Municipal Water

Parking

None

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 135 Ft
Size Frontage 77 Ft
Size Total Text Under 1/2 Acre
Zoning Description C2a-419

https://www.realtor.ca/real-estate/25013802/48-50-courtwright-street-fort-erie

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Joshua Mackenzie
Salesperson

(905) 321-1470
joshuamackenzie@kellerwilliamsrealty.ca

Keller Williams Complete Niagara Realty, Brokerage
87 Lake Street, Unit 113
St. Catharines, Ontario L2R 5X5

(905) 688-6688

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