$598,888

Investment For Sale In Elgin, Niagara Falls (Cherrywood), Ontario

$598,888

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

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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