ON > Niagara Falls (cherrywood) > 211 - Cherrywood
Niagara Falls (cherrywood), ON L2E4H8,4758 SECOND AVENUE
Niagara Falls (cherrywood), ON L2E4H8,4758 SECOND AVENUE
Niagara Falls (cherrywood), ON L2E4H8,4758 SECOND AVENUE
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$549,900
Est. payment /mo
6 Beds
3 Baths
1,100 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $499

Subdivision 211 - Cherrywood

MLS® Listing ID X12615222

Bedrooms 6

Source Niagara Association of REALTORS®

Property Description

Welcome to 4758 Second Avenue, a legal non-conforming Triplex in the heart of Niagara Falls - perfect for first-time buyers or savvy investors looking for strong rental income in a high-demand area. This well-maintained property features 2 separate hydro meters, along with a NEW furnace and NEW central air system, offering lower operating costs, improved efficiency, and added appeal to quality tenants.The building includes 2 spacious two-bedroom units and 1 bachelor, giving you the ideal opportunity to live in one unit while the other rentals help pay your mortgage. Located just minutes from the Tourist District, Casinos, GO Train, Niagara University, transit, shopping, and entertainment, it's an excellent location for hospitality workers, students, and professionals.With projected rents of $44,400/year and an estimated NET INCOME of $34,976, this property offers strong cash flow in a rapidly growing neighbourhood. Affordable price point, updated mechanicals, separate meters, and prime location - this is the income-producing opportunity you've been waiting for to start building wealth from day one. (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

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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