66 Lillian Place Fort Erie, Ontario L2A 5M2

6 Bedroom 3 Bathroom 1,100 - 1,500 ft2
Wall Unit Baseboard Heaters

$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:61594)

Property Details

MLS® Number X12052583
Property Type Multi-family
Community Name 333 - Lakeshore
Amenities Near By Park, Beach
Parking Space Total 4

Building

Bathroom Total 3
Bedrooms Above Ground 6
Bedrooms Total 6
Age 51 To 99 Years
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

Parking

No Garage

Land

Acreage No
Land Amenities Park, Beach
Sewer Sanitary Sewer
Size Depth 89 Ft
Size Frontage 40 Ft
Size Irregular 40 X 89 Ft
Size Total Text 40 X 89 Ft
Surface Water Lake/pond
Zoning Description R3

https://www.realtor.ca/real-estate/28099290/66-lillian-place-fort-erie-333-lakeshore-333-lakeshore

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