Frontside or backside of a home, the front or back of building for 5042 Ontario Ave, Niagara Falls Ontario L2E 3R9
327 days on Market

5042 Ontario Ave, Niagara Falls, Ontario L2E 3R9

Townhouse
-
2
~1555 sqft
$564,000
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Townhouse
-
2
~1555 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$362/sqft

Est. Mortgage$2,422/mo

Tax Amount (2023)$2,739/yr

Days On Market327 days


Description

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


Property Details

StyleResidential Income
View-
Age of property1920
SqFt~1555 SqFt
Lot Size3,750 SqFt(125 x 30)
Parking Spaces4
MLS ®Number40536832
Community NameElgin
Data SourceITSO
Listing byREMAX REALTY SERVICES INC.

Features

Heating: Forced Air, Natural Gas
Basement: Separate Entrance, Walk-Up Access, Full, Unfinished, Sump Pump

Features

Lot size: 3,750 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by REMAX REALTY SERVICES INC., Brokerage
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Population and Demographics

Overview

Total population 9664
Average household income $80,133

Age (%)

50 to 64
23%
65 and plus
22%
20 to 34
20%
35 to 49
18%
0 to 19
17%

Household composition (%)

Single family
49%
Single person
43%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
86%
Others
6%
Italian
3%
French
2%
Spanish
2%

House tenancy (%)

Owners
54%
Renters
46%

Schools and amenities

Estimated Budget