3993 Wellington Court

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$574,900

3993 Wellington Court

Crystal Beach, Fort Erie · MLS® X13681028

848

House · Multi-family · 69 days on market

listed by Phillip Smith, ROYAL LEPAGE NRC REALTY

realtor's description

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.

property details

type: House, Multi-family
bedrooms: 8
bathrooms: 4
parking: 8
property tax: $4,092 / yr
days on market: 69
MLS®: X13681028

features

Level lot
Flat site
Water meter
Water Heater

monthly cost

$2,846/mo

Mortgage $2,505 · Tax $341

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,505/ monthly

loan $459,920

25-year amortization

down payment20% · $114,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $291,515
cash to close: $114,980; down payment; transfer tax and fees not included
total paid: $751,435

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.