+40 more
7
Bedrooms
6
Bathrooms
3,000 sqft
Living Area
6
Parking
About This Property
This 7-bedroom, 6-bathroom multi-family in Niagara Falls offers 3,000 sqft of living area. 2 storeys. The property has lot dimensions of 50.1 x 127.9 FT, cross street Phipps St/Niagara Parkway, zoned R2,R5B. The home features laminate and carpeted and ceramic flooring, gas heating, wall unit(s), a finished, apartment in basement basement.
MLS Remarks
Welcome to 5459 Ontario Ave - A Prime Investment Opportunity in Niagara Falls. Discover a fullystabilized, cash-flowing asset in one of Canada's most iconic tourist destinations. Thisdetached home features five self-contained 1-bedroom suites and one 2-bedroom suite, offeringsix fully rented units - each partially furnished and occupied by reliable tenants whoconsistently pay on time. Situated on a 50 x 127 ft. lot, this well-maintained propertyincludes two non-conforming basement apartments and rear parking for six vehicles. It providesa turnkey investment with strong rental performance and minimal ongoing management. PropertyHighlights include six fully leased units producing strong, consistent income. Excellenttenants in good standing with a history of on-time payment. 200-amp electrical service and roofreplaced in 2016. This Unbeatable Location is Minutes to Casino Niagara, Clifton Hill, TheFalls, shopping, dining, and entertainment. Quick access to the USA border and Hwy 420.Peaceful residential street surrounded by parks, trails, and campsites. This is a rareopportunity to acquire a fully stabilized, income-producing property in a high-demand rentalmarket with exceptional long-term potential. Perfect for investors looking for reliable cashflow and strategic future upside. (id:60351)
Inclusions
All Existing Electrical Light Fixtures, Six Existing Stoves, Two Built-in Microwaves, Four Countertop Microwaves, Six Existing Fan Hoods, Six Existing Refrigerators, and One Dishwasher in (Unit 3). All in (as-in) Condition
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
