L2A Apartment Buildings for Sale

Apartment Buildings for Sale Within 10 kilometers of L2A

3651 Elm St

Ridgeway, ON L0S 1N0

Multifamily for Sale
$524,900 CAD
3,840 SF

Ridgeway Multifamily for Sale - Southern GGH

Unlock the potential of this expansive 3,840 sq. ft. brick fourplex, ideally located in central Fort Erie. Nestled in the heart of downtown Ridgeway, it offers convenient access to shops, restaurants, the farmers market, and scenic recreational trails—making it highly attractive to prospective tenants. Each of the four units features two bedrooms, with some showcasing original wood flooring. Currently, three units are rented, and one is vacant, presenting an immediate opportunity for occupancy. The property is equipped with five separate hydro meters, four gas meters, and four individual gas furnaces, allowing tenants to manage their own utilities independently. A full basement provides valuable storage space or potential for future development. The roof, approximately seven years old, sits atop a solid foundation, making this an ideal project for a visionary investor ready to restore and enhance its value. Situated on a generous 53.15 x 198.54 ft. lot, there may also be potential to expand the existing structure or add a second building (buyer to verify). While the property requires significant work, its size, prime location, and existing rental income make it a compelling value-add investment opportunity in one of Fort Erie’s most desirable neighborhoods.