Home with brick exterior material, street for 5451 Ontario Ave, Niagara Falls Ontario L2E 3S4
5 days on Market

5451 Ontario Ave, Niagara Falls, Ontario L2E 3S4

Townhouse
8 + 2
5
- sqft
$1,298,000
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Townhouse
8 + 2
5
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$5,574/mo

Tax Amount (2024)$3,916/yr

Days On Market5 days


Description

Zoned R2 Prime Investment Opportunity. This well-maintained 2.5-story converted fourplex is just minutes from the Niagara Falls tourist district, the Bridge to the USA, and Hwy 420, offering excellent accessibility and convenience. Situated in a predominantly residential area with a mix of multi-residential and bed and breakfast properties, this property benefits from Tourist Commercial Zoning nearby. Property Highlights: Four Fully Rented Units with strong rental income. Double-Wide Driveway Parking for four vehicles. Proximity to All Amenities - Shopping, dining, and entertainment are nearby. Ideal for Investors - Turnkey rental property with reliable cash flow. Unit #1 - 4 Bed, 2 Bath (3rd Floor) 986 sq. ft. Kitchen, dining, living area, Front & rear entry, Laminate, vinyl & hardwood flooring. Unit #2 - 3 Bed, 1 Bath (2nd Floor) 905 sq. ft. Kitchen, living room, New vinyl plank flooring & renovated bathroom. Front & rear entry. Unit #3 - Bachelor (Ground Floor) 341 sq. ft. Open-concept layout with kitchen & new 3-pc bath. Ceramic flooring throughout. Private ground-floor front entry. Unit #4 - 1 Bed, 1 Bath (Ground Floor, Partially Below Grade) 443 sq. ft. Kitchen, living room, bedroom & 3-pc bath. Vinyl plank & Ceramic flooring. Private side entry. (Financials and Property Improvements Attached.) Note: Zoning will allow for a Bed & Breakfast. Concept Plan attached.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size6,380 SqFt(127.6 x 50)
Parking Spaces4
MLS ®NumberX12042535
Community NameDrummond / Victoria
Data SourceTRREB
Listing byRE/MAX EXPERTS

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment

3rd Floor

Dining

3.0 x 3.53

Vinyl Floor / Window / O/Looks Frontyard

Br

3.15 x 3.84

Vinyl Floor / Window / Closet

2nd Br

3.15 x 3.84

Vinyl Floor / Window / Closet

3rd Br

3.15 x 4.04

Vinyl Floor / W/O To Balcony / Closet


Features

Lot size: 6,380 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by RE/MAX EXPERTS, Brokerage
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Population and Demographics

Overview

Total population 19892
Average household income $83,057

Age (%)

65 and plus
22%
50 to 64
21%
20 to 34
21%
0 to 19
18%
35 to 49
18%

Household composition (%)

Single family
55%
Single person
37%
Multi person
7%
Multi family
1%

Mother tongue (%)

English
81%
Others
4%
Italian
3%
Tagalog (Pilipino, Filipino)
3%
French
2%
Punjabi (Panjabi)
2%
Spanish
2%

House tenancy (%)

Owners
56%
Renters
44%

Schools and amenities

Estimated Budget