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4394 ELLIS STREET, Niagara Falls (Downtown) — listed at $599,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
If you are looking to scale your portfolio with a highly efficient, hands-off asset, this prime four-unit building in Niagara Falls is engineered for immediate performance. Perfectly positioned within walking distance to Downtown, local parks, and premier amenities, the property is situated exactly where high-quality tenants want to be. Comprising one spacious two-bedroom and three one-bedroom units, the building offers a versatile and highly rentable mix tailored to the local market.This investment perfectly balances immediate cash flow with an effortless value-add play: three of the units are already fully renovated and tenant-ready, leaving just one remaining unit as a clean slate for you to finish, customize, and set your own premium market rent. Designed for low-touch, highly profitable management, the building is fully split-metered so tenants pay their own gas and hydro directly, shielding your bottom line from utility fluctuations. With a newer roof minimizing near-term capital expenditures and coin-operated laundry in the large lower level providing an effortless secondary income stream, this is a rare, straightforward buy-and-hold opportunity. Secure this high-upside, cash-flowing piece of Niagara's growth before the market reacts. (id:60164)
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
How is the home heated? Is it efficient?+
Heating is baseboard heaters. Ask for past utility bills to understand real heating costs.
Is 4394 ELLIS STREET a good fit for a growing family?+
With 5 bedrooms (2693 sq ft), there's room for kids plus a guest room or home office.
Is this a good starter home?+
At $599,900, this is priced in starter-home territory for Niagara Falls (Downtown). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,777, heating is baseboard heaters. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 4 spaces.
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