4394 Ellis Street Niagara Falls, Ontario L2E 1H4

$699,900

If you are looking to scale your portfolio with a highly efficient, hands-off asset, this prime four-unit building in Niagara Falls is engineered for immediate performance. Perfectly positioned within walking distance to Downtown, local parks, and premier amenities, the property is situated exactly where high-quality tenants want to be. Comprising one spacious two-bedroom and three one-bedroom units, the building offers a versatile and highly rentable mix tailored to the local market.This investment perfectly balances immediate cash flow with an effortless value-add play: three of the units are already fully renovated and tenant-ready, leaving just one remaining unit as a clean slate for you to finish, customize, and set your own premium market rent. Designed for low-touch, highly profitable management, the building is fully split-metered so tenants pay their own gas and hydro directly, shielding your bottom line from utility fluctuations. With a newer roof minimizing near-term capital expenditures and coin-operated laundry in the large lower level providing an effortless secondary income stream, this is a rare, straightforward buy-and-hold opportunity. Secure this high-upside, cash-flowing piece of Niagara's growth before the market reacts. (id:61215)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X13208300
Property Type	Multi-family
Community Name	210 - Downtown
Amenities Near By	Highway
Parking Space Total	4

Building

Bedrooms Total	5
Cooling Type	None
Heating Type	Baseboard Heaters
Size Exterior	2693 Sqft
Size Interior	2,693 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway
Size Depth	90 Ft
Size Frontage	50 Ft
Size Irregular	Bldg=50 X 90 Ft
Size Total Text	Bldg=50 X 90 Ft
Zoning Description	R2

https://www.realtor.ca/real-estate/29818274/4394-ellis-street-niagara-falls-downtown-210-downtown