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$ 825,000
Est. payment | /mo
4 Beds
2 Baths
$ 825,000
Est. payment | /mo
4 Beds
2 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000 - 3500
Subdivision 210 - Downtown
MLS® Listing ID X13800086
Bedrooms 4
Property Description
SPECTACULAR NIAGARA RIVER DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Situated on prestigious River Road, one of Niagara's most highly sought-after neighborhoods overlooking the majestic Niagara River, this massive, fully upgraded property offers an exceptional opportunity for savvy investors or owner-occupiers. The property features two expansive 1,300-square-foot units, each offering 2 spacious bedrooms, a beautifully updated bathroom, a bright sunroom, a kitchen, a formal dining room, and a living room complete with elegant French doors and gleaming hardwood floors. Both main and second-floor units boast individual full basements for ample storage, separate gas and hydro meters, and two owned hot water tanks. Capital improvements abound with a complete electrical rewiring in 2023 featuring pot lights throughout and hardwired smoke detectors, along with fully replaced windows and central air conditioning spanning all three floors. A detached double garage with concrete floors provides excellent parking or storage. Financially rewarding, the main floor currently generates $1,940 per month plus heat and hydro. The identical second-floor unit also commands $2,500 per month plus heat and hydro, and will be delivered vacant-perfect for an owner-occupant or an investor looking to set current market rents. Massive upside awaits in the 800-square-foot, partially finished third-floor loft. Already framed and plumbed for a kitchen, bathroom, and living area, this space offers an incredibly easy finish to create a separate third unit for traditional renting or a lucrative short-term Airbnb. Alternatively, it can be integrated into the second floor as a spectacular master suite with an ensuite bathroom, transforming the unit into a high-value three-bedroom apartment. Turnkey mechanics, premium location, and undeniable value-add potential make this River Road gem a rare find (id:24570)
Location
Province ON
Lake Name Niagara River
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning, Wall unit
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage Yes
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Water Niagara River
Others
Virtual Tour https://video-api.supreme.one/FJrdtf?branded=true
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
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