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$875,000
Est. payment /mo
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 210 - Downtown
MLS Listing ID X12452765
Style 2-Storey
Bedrooms 8
Annual Tax Amount $3,987
Tax Year 2025
Property Sub-Type Fourplex
Property Description
This well-maintained four-unit multi-family building in the heart of Niagara Falls offers a turnkey investment with strong in-place income. Fully tenanted at or near market rents, the property generates immediate cash flow with a 5.4% cap rate at the asking price. Each unit is separately metered for hydro, with tenants responsible for their own utilities, minimizing operating costs. Recent upgrades include a new boiler heating system installed two years ago and a flat roof just over ten years old, both contributing to reduced near-term capital expenditures. The owner has kept the building in good condition, refreshing units upon turnover to maintain quality and tenant appeal. Situated in a quiet neighbourhood, this asset combines low-maintenance operations with long-term value retention, making it an ideal opportunity for both seasoned investors and those entering the market.
Location
Province ON
County Niagara
Area Niagara
Zoning R2
Rooms
Basement Unfinished, Separate Entrance
Kitchen 4
Interior
Interior Features Other
Cooling None
Inclusions Four Fridges, Four Stoves
Exterior
Parking Features Detached
Garage Spaces 2.0
Pool None
Roof Type Flat
Total Parking Spaces 4
Building
Foundation Concrete
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Lited by EXP REALTY
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