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$ 515,000
Est. payment /mo
Price Dropped by $9K
66 LILLIAN PLACE Fort Erie (333 - Lakeshore), ON L2A5M2
6 Beds
3 Baths
1,099 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,099 sqft
Price per Sqft $468
Subdivision 333 - Lakeshore
MLS® Listing ID X11822969
Bedrooms 6
Originating Board Niagara Association of REALTORS®
Property Description
Investor Alert! This legal triplex is a fantastic value-add opportunity, ideally located just steps from the waterfront on Lakeshore Blvd with stunning views of Lake Erie. Featuring three units, a 1-bedroom and a 2-bedroom, both tenanted on month-to-month leases, plus a vacant 3-bedroomthis property is primed for cash flow with room to increase rents. Tenants pay their own hydro (heating is electric), keeping expenses low, and additional income comes from coin-operated laundry. The property also includes parking for three vehicles and a newly owned water heaters. While the building could use some updates, the potential for increased value is undeniable. With fresh drywall and paint in the back unit already completed, the groundwork is set for a high-return BRRRR or flip opportunity. Located in a quiet, stable neighborhood with easy access to the Friendship Trail, Peace Bridge, Buffalo, and all that Fort Erie has to offer, this is an ideal project for investors, flippers, or contractors looking to capitalize on a growing market. Don't miss out! Schedule your showing today! (id:24570)
Location
Province ON
Lake Name Erie
Interior
Heating Baseboard heaters
Cooling Wall unit
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Water Erie
Listed by REVEL Realty Inc., Brokerage