43
See all 43 photos
$528,500
Est. payment /mo
5 Beds
3 Baths
1,100 SqFt
New
4758 SECOND AVENUE Niagara Falls (cherrywood), ON L2E4H8
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $480
Subdivision 211 - Cherrywood
MLS® Listing ID X12683850
Bedrooms 5
Source Niagara Association of REALTORS®
Property Description
Welcome to 4758 Second Avenue - a well-maintained legal non-conforming triplex ideally positioned in the heart of Niagara Falls, offering an excellent opportunity for first-time buyers and investors seeking reliable income in a high-demand location.The property features two spacious two-bedroom units and one bachelor unit, providing flexible living and rental options. Live in one unit while the others help offset your mortgage, or fully lease the property for steady cash flow. Key upgrades include two separate hydro meters, a NEW furnace, and NEW central air, delivering improved efficiency, reduced operating costs, and long-term peace of mind.Located minutes from the Tourist District, casinos, GO Train, Niagara University, transit, shopping, and major employment hubs, this area continues to see strong rental demand. Niagara Falls has also been highlighted by the Province as part of its long-term vision to evolve into the "Las Vegas of the North," with significant planned investments in tourism, infrastructure, and entertainment - further strengthening long-term rental and appreciation potential.With projected gross rents of approximately $46,800 per year and an estimated net income of $37,376, this property delivers solid cash flow at an accessible price point. Updated mechanicals, separate meters, and a proven rental layout make this a smart acquisition for those looking to build wealth through real estate.A compelling income-producing opportunity in one of Niagara's most active and evolving rental markets. (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
Listed by COSMOPOLITAN REALTY
GET MORE INFORMATION
Quick Search