4394 Ellis Street,Niagara Falls (Downtown), ON L2E1H4
Niagara Falls (Downtown), ON L2E1H4
Description
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:13843)
Details
| MLS # | X13663216 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 83 |
| Listing Provided By | REAL BROKER ONTARIO LTD. | JUAN JOSE GUTIERREZ PINEDA |
Features
| Bed(s) | 5 |
|---|---|
| SQ Feet | 2,693 |
| Zoning | R2 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
Parking
| Parking Total | 4 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 4777 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Niagara Falls (Downtown) |
| Postal Code | L2E1H4 |
| Listing VS Median (in L2E1H4) | |
Price: $599,900 low | high Med: $564,900 sqft: 2,693 low | high Med: 2,097 $ / sqft: $223 low | high Med: $288 On site: 83 low | high Med: 69 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Niagara Falls (Downtown) |
| Postal Code | L2E1H4 |
| Listing VS Median (in L2E1H4) | |
Price: $599,900 low | high Med: $564,900 sqft: 2,693 low | high Med: 2,097 $ / sqft: $223 low | high Med: $288 On site: 83 low | high Med: 69 | |
