HN
3926 Farr Avenue, Fort Erie, ON L0S 1N0, Fort Erie, ON
+7 photos
$1,488,000

3926 Farr Avenue, Fort Erie, ON L0S 1N0, Fort Erie, ON

Fort Erie, ON L0S 1N0
10 beds 6 baths Multiplex

About this home

Extremely well-Maintained 6-Unit Apartment Building in safe, quiet and scenic Ridgeway Location. An incredible investment opportunity features four very large 2-bedroom units with ensuite privilege and their own outside exits and two super-sized 1-bedroom units, all in great condition and each with their own in-unit laundry, furnace and hydro meter. Each unit also has their own individual 8x10 storage shed with keyed entry at the back of the property. Top quality tenants, spotless common areas, door buzzer system, ample front parking, no rear neighbors, close to shopping, restaurants and the beach make 3926 Farr Ave an excellent opportunity for investors looking for a rock-solid income generator in a highly sought-after location.

Property Score

31/ 100
Overall Property Score
poor

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
35/100poor
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
250% of city avgpoor
Priced above Fort Erie's average of $595,000.
Appreciation Trend
+1%/yrgood
Fort Erie has seen +1% YoY price change.
Monthly Cash Flow
-$7,112/mopoor
Estimated -$7,112/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
-0.12%poor
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12956120
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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