ON
Niagara Falls (Cherrywood)
L2E4H8
4758 SECOND Avenue
4758 SECOND Avenue, Niagara Falls (Cherrywood), ON L2E4H8
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Listing Type
Multi Family
Listing Status
Active
43
$528,500

Home Details for 4758 SECOND Avenue

Price
$528,500
Type
Residential Income
Bedrooms
5
Bathrooms
3.0
Square feet
NaN
Parking
Days on site
46
Listing #
X12683850
Property Description

Legal non-conforming triplex with upside, ideally located in the heart of Niagara Falls. It features two two-bedroom units and one bachelor unit, offering flexible living and rental options. This property presents an excellent opportunity for first-time buyers and investors seeking reliable income in a high-demand area. 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. A majority of windows are NEW, 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:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
Listing Courtesy: COSMOPOLITAN REALTY
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Kate Hoekstra
License #: 5012081
Franchisee
Office
647 618 3158
Agent
647 618 3158
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