Homes for Sale in Niagara Region—

Residential Income For Sale

3,552 Sqft - 48-50 Courtwright Street, Fort Erie, Ontario L2A 2R7

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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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40471568
Price : $599,000
Bedrooms : 7
Square Footage : 3,552 Sqft
Square Footage : 3,552 Sqft
Status : Active
Property SubType : Multi-4 Unit
Heating System : Forced Air, Natural Gas
Basement : Full, Unfinished
Parking : 4
Garage Spaces : 0
Interior Features : Other
Lot Features : Rectangular, Other
Parking Features : Gravel
Roof : Asphalt Shing
Security Features : Carbon Monoxide Detector(s)
Sewer : Sewer (municipal)
Province : Ontario
Region : Niagara
City : Fort Erie
Neighbourhood : Fort Erie
Postal Code : L2A 2R7
Street : 48-50 Courtwright Street
Floor Number : 0
Directions : CENTRAL
Additional MLS Details
Agent Name : Joshua Mackenzie
Architectural Style : 1 Storey/apt
Construction Materials : Vinyl Siding, Metal/steel Siding
Foundation Details : Concrete Block, Stone
Inclusions : Other
Agent MlsId : NINR4512
Office MlsId : NI523
New Construction : 1
Number Of Units : 4
Senior Community : 1
Stories Total : 2
Water Source : Municipal
Zoning : RM2
MLSAreaMinor : 331 - Central Ave
Residential Income For Sale
  • Listing ID : 40471568
  • Bedrooms : 7
  • Square Footage : 3,552 Sqft
Contact Agent
Contact Agent


Royal LePage NRC Realty Compass Estates
33 Maywood Avenue
St. Catharines, ON
L2R 1C5

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St. Catharines, ON
L2M 7N9

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