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Royal LePage
Royal LePage
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$875,000

Niagara Falls ON, L2E 2Y7

MLS® # X12452765

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Development: Unfinished
  • Basement Type: N/A, N/A
  • Exterior Finish: Stucco
  • Fireplace: Yes
  • Floor Space: 2500 - 3000 sqft
  • Foundation Type: Concrete
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 4
  • Floor Space (approx): 2500 - 3000 Square Feet
  • Irregular: Yes
  • Lot Depth: 108.6 Feet
  • Lot Frontage: 40.0 Feet
  • Lot Size: 40 x 108.6 FT
  • Zoning: R2
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 4

Courtesy of: EXP REALTY

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 4553 FERGUSON STREET, Niagara Falls, Ontario, L2E 2Y7

Demographic Information of 4553 FERGUSON STREET, Niagara Falls, Ontario, L2E 2Y7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$75,395.18

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.43 %

High school certificate or equivalent

41.08 %

Apprenticeship trade certificate/diploma

5.7 %

College/non-university certificate

24.6 %

University Degree

14.19 %

Commuter

Travel To Work

By Car

92.69 %

By Public Transit

0.84 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

6.47 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.22 %

Houses

65.78 %

Own Vs. Rent

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