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    For Sale - 5078-5086 FIFTH Avenue, Niagara Falls, Ontario

    Est payment $4,082/mo
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    Views   2
    Time on Jump  34 day

    AI Summary *

    • Purpose-built fourplex with immediate cash flow and rental upside potential.
    • Each unit features two bedrooms, full bath, kitchen, and private outdoor space.
    • Major upgrades completed for low-maintenance ownership and long-term reliability.
    • Quiet neighborhood, just one mile from Niagara University campus.
    • Detached garage offers additional storage income opportunities.




    Louise apartments. An incredible, purpose-built brick fourplex offering stable immediate returns alongside massive rental upside, ideal for multi-generational families co-buying together or owners looking to live in one unit while offsetting their mortgage! Located in an established neighborhood just one mile from the niagara university campus, this exceptionally well-maintained building features four spacious 2-bedroom units-each complete with a full bath, full kitchen, living room, private entrance, and private porch or balcony. Fully upgraded for low-maintenance ownership, major capital improvements include a complete electrical rewire with five separate meters, four individual water heaters, an efficient gas boiler approximately eight years old, and a complete roof replacement in 2018 down to the plywood, topped with high-quality metal for lifetime durability. Safety and utility features abound with fire-rated walls, interconnected smoke detectors, a basement fire suppression system, a backflow preventer, a commercial-grade sump pump, and a convenient master key system. The basement houses commercial-grade whirlpool coin laundry and private storage rooms for each unit, while a detached three-car garage with separate doors provides potential extra storage income. This fully optimized property features long-term, highly reliable tenants providing immediate cash flow from day one. All major structural and mechanical upgrades have already been completed, offering total peace of mind. Current rents are significantly below market value at $927. 47, $874. 45, $1,508. 57, and $835. 38 (all plus hydro). With market rents in the area commanding $1,750 to $1,850 per unit, this property offers an incredible opportunity to systematically transition to full market rates and dramatically increase your roi. Truly a rare, low-maintenance portfolio addition where the heavy lifting is already done!
    Listing IDX13806508
    Address5078-5086 FIFTH Avenue
    CityNiagara Falls, Ontario
    Price$850,000
    Bed / Bath8 / 4 Full
    Style2-Storey, Fourplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features NoneOutdoor Features Porch, DeckOwnership FreeholdBasement Unfinished, FullFoundation Concrete BlockHeating / Cooling WaterHeating Fuel GasSewer Sewer

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    Listing Brokerage: RE/MAX NIAGARA REALTY LTD, BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    5078-5086 Fifth Avenue
    Niagara Falls , Ontario
    8 4 $850,000
    Get more info