Size
-
Lot size
613.16 sqm
Street frontage
-
Possession
-
Price per sqm
$8,681
Taxes
$3,275 (2024)
Parking Type
Detached Garage
Style
-
See what's nearby
Description
Outstanding investment opportunity! Offering two homes on a large lot w/a severable portion and pre-approved drawings for a third home, this property is a dream come true for investors or multi-generational families. The prime location, flexible living arrangements, and development potential make this property an opportunity in today's market. House 1 is a versatile, income-generating powerhouse w/three distinct units, each designed to offer privacy & comfort: Unit 1: 2 beds, 1 bath—ideal for small families or young professionals. Unit 2: 2 beds, 2 baths—perfect for larger families or roommates seeking spacious living.
Unit 3: A cozy studio apartment—great for single occupants. Each is self-sufficient w/its own washer & dryer, providing the convenience of in-unit laundry. There’s also the potential to add a fourth unit in the bsmt, further increasing rental income. Two of the units are already tenanted, offering a steady cash flow, while one remains vacant. House 2 is a spacious single-family home that offers 4 bedrooms, 2½ bathrooms—a large, comfortable living space for growing families A potential in-law suite—perfect for multi-generational living or additional rental income
This house is currently tenanted, offering immediate income. The flexibility of month-to-month leases across both homes gives you the freedom to adjust rental terms as needed or take advantage of the vacancy for personal use. The severable lot comes complete w/approved drawings for a third home. This allows you to either expand your rental portfolio, develop and sell the additional home, or enjoy the flexibility of a custom-built property to meet your future needs. Nestled in a family-friendly neighborhood, the property is within walking distance of some of Niagara Falls' top schools, making it attractive to families seeking long-term rentals. For entertainment and tourism, you're just minutes from the Casino and Clifton Hill.
Broker: RE/MAX NIAGARA REALTY LTD, BROKERAGE
MLS®#: 40654526
Property details
Parking:
6
Parking type:
Detached Garage
Property type:
Triplex
Heating type:
Forced Air
Style:
-
MLS Size:
144 sqm
Lot front:
18.29 M
Lot depth:
33.53 M
Listed on:
Oct 7, 2024
Show all details
Instant estimate:
Not Available
Insufficient data to provide an accurate estimate
i
High-
Mid-
Low-