$899,900 - 5078-5086 FIFTH Avenue, Niagara Falls
Multi-Family for Sale in Niagara Falls
108 days on market- MLS Number
- X12440874
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 108
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- RE/MAX NIAGARA REALTY LTD, BROKERAGE
GREAT INVESTMENT OPPORTUNITY ONE MILE FROM THE DOWNTOWN NIAGARA UNIVERSITY CAMPUS,COULD BE A GREAT STUDENT RESIDENCE. WELL MAINTAINED PURPOSE BUILT FOUR PLEX IN PRIME LOCATION IN ESTABLISHED NEIGHBOURHOOD.GREAT FOR OWNER OCCUPANTS AND INVESTORS ALIKE.PROPERTY FEATURES FOUR SELF CONTAINED UNITS ALL TWO BED ONE BATH SPACIOUS LIVING AREAS WITH NATURAL LIGHT.FULL KITCHENS AND 4 PC BATHS(MIROLIN SURROUNDS)PRIVATE OUTDOOR SPACES. ALL UNITS HAVE THIER OWN PRIVATE WALKWAYS AND PRIVATE PATIO OR BALCONY. THE PROPERTY HAS A FULL BASEMENT WITH INDIVIDUAL STORAGE LOCKERS FOR EACH UNIT AND COIN LAUNDRY COMMERCIAL GRADE (WHIRLPOOL) REECENT UPGRADES INCLUDE A COMPLETE REWIRE AND SEPARATE METERS FOR EACH UNIT ALSO EACH HAS THEIR OWN WATER TANK.EFFICIENT HEATING NEWER GAS BOILER 8 YEARS OLD OFFERS RELIABLE HEATING THROUGHOUT THE BUILDING. ROOF REPLACED 2018 INCLUDING ALL PLYWOOD , HIGH QUALITY LONG LASTING METAL CLAD SHEETING FOR DURABILITY. FIRE RATED WALLS INTER CONNECTED SMOKE DETECTORS AND FIRE SUPPRESION SYSTEM IN THE BASEMENT. PROPERTY HAS BACK FLOW WATER PREVENTER AND COMMERCIAL GRADE SUMP PUMP.DETACHED (3) CAR GARAGE WITH INDIVIDUAL DOORS FOR EXTRA STORAGE. CURRENTLY OCCUPIED BY OWNER. SECURE PARKING. MASTER KEY SYSTEM FOR EASY AND SECURE ACCESS TO ALL UNITS. THIS PROPERTY HAS BEEN WELL MAINTAINED AND READY TO GENERATE INCOME. WITH ALL MAJOR SYSTEM UPGRADES THIS FOURPLEX IS A SOLID INVESTMENT WITH MINAMAL UPKEEP. +++++
Estimate your monthly payments for this property
Estimated Payment
$4,616.95/mo
Includes CMHC insurance ($25,107)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Niagara Falls
Niagara Falls is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Niagara Falls
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Niagara Falls offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5078-5086 FIFTH Avenue, Niagara Falls
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $360/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 108 days on site, this property has exceeded the typical selling timeline for Niagara Falls. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Investment Perspective
Looking at this as an investment: Niagara Falls properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,750 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.