Property Information:

If you are looking to scale your portfolio with a highly efficient, hands-off asset, this prime four-unit building in Niagara Falls is engineered for immediate performance. Perfectly positioned within walking distance to Downtown, local parks, and premier amenities, the property is situated exactly where high-quality tenants want to be. Comprising one spacious two-bedroom and three one-bedroom units, the building offers a versatile and highly rentable mix tailored to the local market.This investment perfectly balances immediate cash flow with an effortless value-add play: three of the units are already fully renovated and tenant-ready, leaving just one remaining unit as a clean slate for you to finish, customize, and set your own premium market rent. Designed for low-touch, highly profitable management, the building is fully split-metered so tenants pay their own gas and hydro directly, shielding your bottom line from utility fluctuations. With a newer roof minimizing near-term capital expenditures and coin-operated laundry in the large lower level providing an effortless secondary income stream, this is a rare, straightforward buy-and-hold opportunity. Secure this high-upside, cash-flowing piece of Niagara's growth before the market reacts. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 2693 sqft
Heating Type: Baseboard heaters
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 5
Amenities Nearby: Highway
Floor Space (approx): 2693 Square Feet
Irregular: Yes
Lot Depth: 90 Feet
Lot Frontage: 50 Feet
Lot Size: Bldg=50 x 90 FT
Zoning: R2
No. of Parking Spaces: 4

Courtesy of: REAL BROKER ONTARIO LTD.

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Demographic Information of 4394 ELLIS STREET, Niagara Falls, Ontario, L2E 1H4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$78,181.13

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.48 %

High school certificate or equivalent

32.25 %

Apprenticeship trade certificate/diploma

4.42 %

College/non-university certificate

19.7 %

University Degree

21.15 %

Commuter

Travel To Work

By Car

84.72 %

By Public Transit

3.88 %

By Walking

5.17 %

By Bicycle

0.0 %

By Other Methods

6.23 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.94 %

Houses

71.06 %

4394 ELLIS STREET, Niagara Falls, Ontario, L2E 1H4