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$449,000
Niagara Falls
4208 TERRACE Avenue North, Niagara Falls, Ontario, L2E2J4
This 3-bedroom, 3-bathroom home in Niagara Falls is for sale offering roughly 1,410 sq ft of space. Listed at $449,000, it is attractively priced about 31% below the $649,900 median asking price in Niagara Falls. It has been on the market 7 days, fresher than the Niagara Falls average of 80 days.
Prime Niagara Falls investment and redevelopment opportunity! Located just steps from the Niagara River and Great Wolf Lodge, this updated two storey home offers exceptional flexibility for investors, end-users, and developers alike. Featuring approximately 1,410 sq. ft. of living space, 3 bedrooms, 2 bathrooms, a partially finished basement, detached garage, and fenced yard, the property has been well maintained and is ready for immediate occupancy or leasing. Its desirable location near Niagara's tourism district, casinos, downtown core, Rainbow Bridge, public transit, and major transportation routes makes it an attractive option for both tenants and future owners. Beyond its immediate income and lifestyle potential, this property also presents a unique long-term opportunity. The neighboring property at 4115 May Avenue is available for purchase separately, creating the possibility of a larger land assembly for future redevelopment. Buyers looking to secure a strategic position in one of Niagara Falls' most dynamic growth areas will appreciate the added flexibility and upside potential. Whether you're seeking a turnkey investment, a future rental property, or a site with development possibilities, 4208 Terrace Avenue offers exceptional value in a highly desirable location. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Just listed: 7 days on market, against an average age of 80 days across the listings currently for sale in this city
This 3-bed single family in Niagara Falls has been listed for 7 days, which is 73 days fresher than the city average of 80. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $449,000, about 7.4× the local median household income of $60,800.
Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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