$449,900

For sale

4744 Jepson Street, Niagara Falls (Downtown) - Multi-family for Sale

4744 Jepson Street, Niagara Falls (Downtown), Ontario, L2E1J6

3 beds2 baths2 parking1,300 ft²40 × 100 ft (4,000 sq ft) lot sizeListed 16 days ago

Overview

This multi-family property in Niagara Falls is for sale offering roughly 1,300 sq ft of space. It has been on the market 16 days, fresher than the Niagara Falls average of 88 days.

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Description

Excellent investment opportunity in the heart of Niagara Falls! This two-storey duplex features two self-contained one-bedroom units, each with its own kitchen, living area and bathroom. Currently generating $3,400 in monthly rental income ($40,800 annually), with the main floor rented for $1,900 and the upper unit for $1,500. Recent improvements include updated flooring, kitchens and fresh paint. The property also features a full unfinished basement, private fenced backyard and driveway parking. Conveniently located near shopping, restaurants, public transit, entertainment and the Niagara Falls tourist district. An excellent opportunity to add an income-producing property to your investment portfolio! (id:66096)

Property Details

MLS®: X14095506
Property Type: Multi-family
Zoning: R2
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 40 × 100 ft (4,000 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: No Garage
Property Tax: $2,932/yr
Listed: 16 days ago

Rooms

Main level

Kitchen: 3.96 x 3.28 meters
Living room: 3.76 x 3.33 meters
Dining room: 3.66 x 2.95 meters
Bedroom: 3.66 x 3.58 meters
Bathroom: 2 x 2 meters

Second level

Kitchen: 2.77 x 2.69 meters
Living room: 4.29 x 3 meters
Bedroom: 4.62 x 3.3 meters
Bathroom: 2 x 3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water meter, Two stoves, Two Refrigerators
Foundation: Block
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Niagara Falls (Downtown) listings, avg age

88d

Price / ft²

$346

List price

$450K

Haho

This 3-bed multi-family in Niagara Falls (Downtown) has been listed for 16 days, which is 72 days fresher than the city average of 88. Act while there is still low competition.

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Listed by REVEL Realty Inc., Brokerage · Cyrus Gatta

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2E)

This home lists at $449,900, about 7.4× the local median household income of $60,800.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 45% 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)

$449,900· $346/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Property tax (est.)$244/mo

Total monthly$2,614

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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