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$ 528,500
Est. payment /mo
Open 1/17 2PM-4PM
4758 SECOND AVENUE Niagara Falls (cherrywood), ON L2E4H8
5 Beds
3 Baths
1,100 SqFt
Open House
Sat Jan 17, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $480
Subdivision 211 - Cherrywood
MLS® Listing ID X12683850
Bedrooms 5
Property Description
Welcome to 4758 Second Avenue - a legal non-conforming triplex with upside, ideally located in the heart of Niagara Falls. This property presents an excellent opportunity for first-time buyers and investors seeking reliable income in a high-demand area. It features two two-bedroom units and one bachelor unit, offering flexible living and rental options. Live in one unit while the others help offset your mortgage, or fully lease the property for steady cash flow. The home is currently priced based on its existing interior finishes and layout, with rent projections reflecting its present livable condition. With cosmetic updates and personal touches, there is strong potential to enhance livability and rental returns. Whether you're an investor pursuing value-add upside or a buyer looking to customize over time, this property offers flexibility and long-term potential. Key upgrades include two separate hydro meters, a NEW furnace, and NEW central air, providing improved efficiency and reduced operating costs. Located minutes from the Tourist District, casinos, GO Train, Niagara University, transit, shopping, and major employment hubs, the area continues to experience strong rental demand. Niagara Falls is also part of a long-term vision to evolve into the "Las Vegas of the North," supported by significant investments in tourism, infrastructure, and entertainment. With projected gross rents of approximately $46,800 per year and an estimated net income of $37,376, this property offers solid cash flow at an accessible price point. Updated mechanicals, separate meters, and a proven rental layout make this a compelling income-producing opportunity in one of Niagara's most active and evolving rental markets. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by COSMOPOLITAN REALTY