Welcome to 4758 Second Avenue, a legal non-conforming Triplex in the heart of Niagara Falls - perfect for first-time buyers or savvy investors looking for strong rental income in a high-demand area. This well-maintained property features 2 separate hydro meters, along with a NEW furnace and NEW central air system, offering lower operating costs, improved efficiency, and added appeal to quality tenants.The building includes 2 spacious two-bedroom units and 1 bachelor, giving you the ideal opportunity to live in one unit while the other rentals help pay your mortgage. Located just minutes from the Tourist District, Casinos, GO Train, Niagara University, transit, shopping, and entertainment, it's an excellent location for hospitality workers, students, and professionals.With projected rents of $44,400/year and an estimated NET INCOME of $34,976, this property offers strong cash flow in a rapidly growing neighbourhood. Affordable price point, updated mechanicals, separate meters, and prime location - this is the income-producing opportunity you've been waiting for to start building wealth from day one. (id:4069)
Address
4758 SECOND AVENUE
List Price
$549,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Niagara Falls (cherrywood)
Bedrooms
6
Bathrooms
3
Floor Area
1100 - 1500 Sq. Ft.
Lot Size
29.6 x 150 FT Sq. Ft.
MLS® Number
X12615222
Listing Brokerage
COSMOPOLITAN REALTY
Basement Area
N/A, N/A (Unfinished)
Postal Code
L2E4H8
Zoning
R2
Site Influences
Public Transit, Place of Worship, Schools, Park
Features
Carpet Free
Amenities
Separate Electricity Meters
