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$1,996,000
Niagara Falls
3758 Main Street, Niagara Falls (Chippawa), Ontario, L2G6B2
This multi-family property in Niagara Falls is for sale.
**1.24 ACRES OF PRIME DEVELOPMENTAL LAND ZONED GC (GC ALLOWS FOR AIR BNB SHORT TERM RENTAL LICENCE + MANY OTHER COMMERCIAL USES) AND R2 IN THE HEART OF DOWNTOWN CHIPPAWA IN NIAGARA FALLS ADJACENT TO THE RIVER AND PROXIMAL TO THE FALLS AND TOURIST ATTRACTIONS!!** THIS AMAZING PARCEL INCLUDES A LARGE 2500+ SQFT TRIPLEX (70 FT FRONTAGE) + A 1000 SQFT BUNGALOW SITUATED ON A HUGE DOUBLE LOT (120 FT FRONTAGE) + AN EQUALLY SIZED DOUBLE LOT (120 FT FRONTAGE) AND WILL BE SOLD VACANT!!! THE STATUESQUE BRICK TRIPLEX HAS A ONE BEDROOM UNIT APPROXIMATELY 700 SQFT, A RENOVATED 2 BEDROOM, TWO STOREY UNIT APPROXIMATELY 1800 SQFT AND THE FULL MAIN FLOOR UNIT THAT INCLUDES THE BASEMENT THAT OFFERS 2 BEDROOMS, 2 BATHROOMS, 9 FT CEILINGS W/GORGEOUS ORIGINAL CHARACTER + HUGE DETACHED WORKSHOP THAT EASILY FITS 4 CAR PARKING. THE PARCEL ALSO INCLUDES THE DOUBLE WIDE LOT NEXT TO THE TRIPLEX AND THE 1000 SQFT, 2 BEDROOM BUNGALOW AT THE REAR OF THE PROPERTY THAT FRONTS ON WELLAND STREET. 3699 WELLAND STREET IS ALSO A DOUBLE WIDE LOT BOASTING A DETACHED BUNGALOW W/D9 FT CEILINGS, TWO BEDROOMS, 1 BATHROOMAND CITY SERVICES. THE POSSIBILITIES ARE ENDLESS AS THE PROPERTY FRONTS ON TWO MAIN STREETS IN THE HEART OF THIS CITY CENTRE. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 245 days on market, against an average age of 103 days across the listings currently for sale in this city
This 7-bed multi-family in Niagara Falls (Chippawa) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,996,000, about 28.9× the local median household income of $69,000.
Carrying it typically needs a household income of about $389,889 (20% down, 25-yr amortization, stress-tested) — roughly 465% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2G)
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Loading rates, 30-yr amortization
Cash Needed to Close
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