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About the Listing 292609 -
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!
Listing Highlights for 3651 Elm St
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
X12353708
Year Built
Total Square Footage
3,500
Lot/Acreage
0.26
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Separate Hydro Meter,Water Meter
- Water: Water System
Exterior Details
- Garage Capacity: N/A
- Roof: Flat,Tar and Gravel
- Others:
- Sewer: Sewer
- Parking Features: Available
Financial Details
- Tax Amount: $4,183
- Taxes w/Assessments: N/A
- Tax/Property ID: 641900076
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3651 Elm St Fort Erie, ON L0S 1N0
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