4394 Ellis Street Niagara Falls, Ontario L2E 1H4

5 Bedroom 2,693 sqft
None Baseboard Heaters

$739,900

If you're looking for a rock-solid addition to your portfolio, location is everything and this property delivers. Perfectly positioned within walking distance to Downtown, parks, and the best amenities Niagara Falls has to offer, this four-unit building is situated exactly where tenants want to be.The property is currently set up as one 2-bedroom and three 1-bedroom units, offering a versatile mix for the local rental market. Some of the heavy lifting is already done for you with three of the units being fully renovated, leaving the remaining two as a clean slate for you to finish and set your own market rents. Finely tuned for low-stress management, the building is separately metered so tenants pay their own gas and hydro, a huge win for your bottom line. With a newer roof, coin-operated laundry in a large lower level, and the potential to generate income, this is a straightforward "value-add" play. Whether you're looking to buy and hold or finish the remaining suites to maximize your ROI, this property offers the kind of location and upside that's becoming harder to find in the city. Secure a prime piece of Niagara's growth before someone else does. (id:47351)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X13208300
Property Type Multi-family
Community Name 210 - Downtown
Amenities Near By Highway
Parking Space Total 4

Building

Bedrooms Total 5
Cooling Type None
Heating Type Baseboard Heaters
Size Exterior 2693 Sqft
Size Interior 2,693 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway
Size Depth 90 Ft
Size Frontage 50 Ft
Size Irregular Bldg=50 X 90 Ft
Size Total Text Bldg=50 X 90 Ft
Zoning Description R2

https://www.realtor.ca/real-estate/29818274/4394-ellis-street-niagara-falls-downtown-210-downtown