$739,900

5180 Southgate Avenue, Niagara Falls (Morrison), Ontario, L2E7G5

For sale

15 days ago

$799K

5180 Southgate Avenue, Niagara Falls (Morrison), Ontario, L2E7G5

3 bd2 ba6 pk1,750 ft²Lot size 65 × 117 ft (7,605 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

6490 Thorold Stone Road, Niagara Falls (Morrison), Ontario, L2J1B3

For sale

229 days ago

$749K

6490 Thorold Stone Road, Niagara Falls (Morrison), Ontario, L2J1B3

7 bd4 ba22 pkLot size 50 × 220 ft (11,000 sq ft)

Listed by ROYAL LEPAGE NRC REALTY

Investment analysis

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$739,900

Niagara Falls

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4213/4207 4213/4207 Drummond Road, Niagara Falls (Morrison) - Multi-family for Sale

4213/4207 4213/4207 Drummond Road, Niagara Falls (Morrison), Ontario, L2E6C2

6 beds2 baths8 parking89 × 110 ft (9,823 sq ft) lot sizeListed 100 days ago

Overview

This multi-family property in Niagara Falls is for sale.

Multi-Family Properties for Sale in Niagara Falls →All real estate in Niagara Falls →

Description

Excellent opportunity to own a versatile side-by-side semi-detached property at 4213 & 4207 Drummond Road, situated on a high-exposure 90 ft 110 ft corner lot. One unit is currently operating as a chiropractic office, while the other features a bright two-bedroom residential layout with a full kitchen and bathroom.The full-height basement includes a rough-in for an additional bathroom. TRM zoning offers flexible possibilities, including live/work use, professional offices, rental income or future redevelopment. Additional features include the potential for separate driveways, plus available blueprints and proposed addition plans.Conveniently located just minutes from public transit, shopping and everyday amenities. Don't miss this renewed opportunity to secure a flexible income-producing property with excellent future potential! (id:66096)

Property Details

MLS®: X13610550
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 2 above · 4 below
Bathrooms: 2
Parking: 8
Lot Size: 89 × 110 ft (9,823 sq ft)
Frontage: 89 ft
Storeys: 1
Style: Bungalow
Basement: Full, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Property Tax: $9,541/yr
Listed: 100 days ago

Features

Appliances: Water Heater
Foundation: Block, Concrete
Exterior: Stone
Lot Features: Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

100d

Niagara Falls (Morrison) listings, avg age

51d

List price

$740K

Haho

This 6-bed multi-family in Niagara Falls (Morrison) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE NRC REALTY · Sindy Dunham

Location

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Area context

Neighbourhood profile (L2E)

This home lists at $739,900, about 12.2× the local median household income of $60,800.

Carrying it typically needs a household income of about $144,528 (20% down, 25-yr amortization, stress-tested) — roughly 138% above the area median.

Median household income: $60,800
Population: 18,587
Median age: 46.4
Owner / renter: 61% / 39%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L2E)

$739,900

For sale

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Full Cost Breakdown

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Down Payment6.62% · $48,990

Min 6.62%50%

Mortgage payment$3,831/mo

↳ CMHC premium ($27,636 capitalized)

Property tax (est.)$795/mo

Total monthly$4,626

Cash Needed to Close

Down payment (6.62%)$48,990

Land transfer tax$11,273

Est. closing costs$4,720

Total cash needed$64,983

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