66 Lillian Place Fort Erie, Ontario L2A 5M2
$515,000
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:50886)
Property Details
| MLS® Number | X11822969 |
| Property Type | Single Family |
| Community Name | 333 - Lakeshore |
| Parking Space Total | 4 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Aluminum Siding, Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 89 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 89 Ft |
| Size Total Text | 40 X 89 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/27701172/66-lillian-place-fort-erie-333-lakeshore-333-lakeshore
Contact Us
Contact us for more information
Amber Loforti
Salesperson
1507 Niagara Stone Rd Unit: 1
Niagara On The Lake, Ontario L2R 3M3
(905) 468-9229
(905) 468-9232
www.revelrealty.ca/
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February 06 2025 09:53:15
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage