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5042 Ontario Avenue Niagara Falls, Ontario L2E 3R9

3 Bedroom 2 Bathroom 1555 sqft
None Forced Air

$564,000

Excellent investment opportunity to own a two-storey legal duplex (main floor & upper level) that is already fully rented by two AAA tenants. ( monthly rent $2820 includes heat, hydro & water). This downtown Niagara Falls property is a stone's throw from the Niagara River, minutes to the Casino, attractions and the USA. Both units have been professionally renovated, are freshly painted, and complete with vinyl plank flooring throughout. Main floor is one bedroom with a bright spacious kitchen, combined living room / dining room, and 9 foot ceiling. Entrance to the main floor unit is through the rear entrance mudroom with closet & large window. Upper unit is a bright, two bedroom spacious apartment with a large eat-in kitchen, and modern 3-piece bath featuring a glass shower. Common access basement has two dedicated storage units and laundry. Upper tenant is a long term tenant who is now month to month. Lower tenant has been in the unit since Feb 2024 (id:57726)

Property Details

MLS® Number 40536832
Property Type Multi-family
AmenitiesNearBy Public Transit
Features Sump Pump
ParkingSpaceTotal 4
Structure Shed

Building

BathroomTotal 2
BedroomsTotal 3
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1920
CoolingType None
ExteriorFinish Stucco, Vinyl Siding
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1555 Sqft
Type Duplex
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
Sewer Municipal Sewage System
SizeDepth 125 Ft
SizeFrontage 30 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription Residential

https://www.realtor.ca/real-estate/26477999/5042-ontario-avenue-niagara-falls

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RE/MAX Realty Services Inc M
295 Queen Street East M
Brampton, Ontario L6W 3R1

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