3993 WELLINGTON COURT, Fort Erie (Crystal Beach)

$574,900

For sale: Multiplex

Multiplex at 3993 WELLINGTON COURT, Fort Erie (Crystal Beach)
Property type
Fourplex
Bedrooms / bathrooms
8 bedrooms, 4 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13681028
Neighbourhood
337 - Crystal Beach

Excellent 4 plex features 4 2 bedroom apartments and incredible future income and expansion potential! Solid building with many updates. 4 separate hydro meters. 4 separate gas meters. Nice, neat and clean. Updated windows, and roof. Located on .32 of an acre, this lot offers lots of room for expansion and the creation of additional units. (Buyer to verify with the Town of Fort Erie). Very reasonable expenses. Average water bill is $156.00 and insurance is $242.00 per month. 4 long term tenants. Current rents are substantially under market value. A new owner can renovate each unit as they become available, and increase the rents to market level. Wonderful opportunity for a patient and experienced real estate investor.

Sold data

Homes in Crystal Beach — recent sold market

Homes in Crystal Beach took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 74, across 111 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.

The median sale price was $524,900.

Homes sold for about 4.2% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 32% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$524,900
Sale-to-list ratio
95.8%
Sold above asking
8%

Based on 111 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Fort Erie (Crystal Beach)

Fort Erie (Crystal Beach) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 6.5/10.

Rated schools
5
Elementary
4
Secondary
1
Average rating
6.5 / 10

Top-rated schools in Fort Erie (Crystal Beach)

  • Garrison Road — elementary, Fort ErieFraser rating 7.8/10
  • St Philomena — elementary, Fort ErieFraser rating 7.3/10
  • General Vanier — elementary, Fort ErieFraser rating 6.8/10
  • Greater Fort Erie — secondary, Fort ErieFraser rating 5.5/10
  • Our Lady of Victory — elementary, Fort ErieFraser rating 5.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 3993 WELLINGTON COURT