Property Information:

This legal non-conforming triplex, located in a desirable family-friendly neighbourhood, offers exceptional flexibility and income potential for investors, first-time buyers, and multigenerational families alike. Whether you're looking to generate steady rental income, offset your mortgage by living in one unit while renting the others, or create an affordable setup for extended family living, this property delivers a range of possibilities.The main floor apartment, renovated in 2023, features 2 spacious bedrooms and 1 full bathroom with modern updates throughout. The lower-level unit, renovated in 2020, offers 3 bedrooms and 1 bathroom, enhanced by large windows that provide an abundance of natural light. The rear 1-bedroom, 1-bathroom apartment is currently vacant and ready for your personal touch, making it ideal for additional rental income, an in-law suite, or private guest accommodations.Adding even more value is the oversized 2-car garage with hydro, perfect for storage, a workshop, or additional utility space and 2 separate hydro metres. Major updates include a new roof completed in 2023, and hot water tank is owned offering added peace of mind for years to come. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Amenities: Separate Hydro Meters
Architectural Style: Raised bungalow
Basement Development: Finished
Basement Type: N/A, N/A
Exterior Finish: Aluminum siding
Floor Space: 1100 - 1500 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances:

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 3
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 130 Feet
Lot Frontage: 40 Feet
Lot Size: 40 x 130 FT
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 7

Courtesy of: REVEL Realty Inc., Brokerage

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Demographic Information of 4591 HOMEWOOD AVENUE, Niagara Falls (Cherrywood), Ontario, L2E 4X9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$82,755.30

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.82 %

High school certificate or equivalent

38.57 %

Apprenticeship trade certificate/diploma

5.01 %

College/non-university certificate

22.67 %

University Degree

10.93 %

Commuter

Travel To Work

By Car

89.62 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

1.08 %

By Other Methods

9.3 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

17.8 %

Houses

82.2 %

4591 HOMEWOOD AVENUE, Niagara Falls (Cherrywood), Ontario, L2E 4X9