3865 Front Street

Nestled in the picturesque setting of 3865 Front Street, Niagara Falls, this remarkable Multi-Family Home for sale in Niagara Falls presents an exceptional investment opportunity. Situated directly across from the serene Chippawa Creek, this 9-unit building offers not only stunning waterfront proximity but also the added potential to lease the land across the street for a dock or other value-enhancing features. With its Tourist Commercial (TC) zoning, this property supports a diverse range of uses, including long-term rentals, short-term Airbnb stays, or a hybrid model, making it an ideal prospect for astute investors.

This impressive multiplex, designed in a 3-storey style, boasts a robust brick exterior that exudes both charm and durability. The property features a total of 10 bedrooms and 9 bathrooms, making it a spacious and versatile option for various living arrangements. The layout includes seven 1-bedroom units that offer scenic water views, alongside two 2-bedroom units located at the rear of the building. All units share a common laundry and storage area, providing convenience for residents.

As you explore the interiors of this Multi-Family Home for sale in Niagara Falls, you will find that seven of the units, along with the common areas, have already undergone significant renovations. These spaces have been demo'd and cleaned, with updated emergency lighting and a new backflow prevention valve installed, ensuring safety and functionality. The building also benefits from a two-year-old roof, which adds peace of mind for future owners. Remaining work includes general interior finishes and final touches, with the property nearing the final stages of revitalisation.

The total number of rooms in this building is an impressive 45, providing ample space for various configurations and uses. Although there is no den or family room, the extensive layout allows for flexibility in how the space can be utilised. The absence of a central vacuum system is worth noting, but the convenience of wall unit air conditioning ensures comfort during warmer months. The heating system is radiant, providing warmth throughout the colder seasons.

In terms of amenities, this Multi-Family Home for sale in Niagara Falls does not include a pool or fireplace, which may appeal to those looking for a low-maintenance property. However, the finished basement with a walk-out adds valuable extra space that can be tailored to suit the needs of future tenants or owners. The property is unfurnished, allowing new owners to personalise the space to their liking.

Parking is another advantage of this property, with unreserved parking available for up to 9 vehicles. This is particularly beneficial in a bustling area like Niagara Falls, where parking can often be a challenge. The lot measures an impressive 60 X 165 feet, providing plenty of outdoor space for tenants to enjoy.

Living in the community of 223 - Chippawa offers a unique blend of tranquillity and accessibility. Residents will appreciate the proximity to the beautiful Chippawa Creek, as well as the vibrant attractions of Niagara Falls. This location is not only appealing for long-term residents but also capitalises on the area's strong short-term rental demand, making it a prime spot for investors.

In summary, 3865 Front Street, Niagara Falls, is a rare Multi-Family Home for sale in Niagara Falls that promises exceptional flexibility, waterfront charm, and long-term potential. Whether you're looking to reposition the property as a premium rental offering or take advantage of the thriving short-term rental market, this building offers a wealth of opportunities for savvy investors. Don't miss out on the chance to own this unique property in a sought-after location.

Chippawa, nestled within the city of Niagara Falls, is a charming and picturesque neighbourhood that offers a unique blend of small-town charm and convenient access to urban amenities. This quaint area is characterised by its serene residential streets, lush green parks, and the tranquil waters of the Niagara River, making it an ideal spot for those who appreciate nature and a peaceful lifestyle. With a rich history and a close-knit feel, Chippawa boasts local shops, eateries, and community events that foster a sense of belonging. Its proximity to the iconic Niagara Falls attractions ensures that residents can enjoy both the beauty of the natural landscape and the vibrancy of city life, making it a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. The closest option is Sacred Heart Catholic Elementary School, just 0.5 km away, offering grades K to 8 with a solid school rating of 7.8 under the Niagara Catholic District School Board. Another nearby choice is River View Public School, located 1.1 km from the property, providing education from JK to 8 in English, with a commendable school rating of 8. For families seeking a French-language education, Our Lady of Mount Carmel Catholic Elementary School is situated 4.9 km away, serving grades K to 8, though it has a lower rating of 5.2. Overall, the proximity to these schools enhances the appeal of the property, ensuring that quality education options are readily accessible for children in the area. This community is well-suited for families prioritizing educational opportunities, making it a desirable location for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 475 residents, with an average household size of 2.1 individuals. The demographic profile indicates a mature community, with an average age of 47.2 years. The average household income stands at $78,000, suggesting a relatively stable economic environment, although 9.6% of the population is classified as low-income. The real estate market reflects a median property price of $528,000, indicating a moderate to high value for homes in the area. A significant portion of the population, 45.24%, is single, while 34.48% of households include children, highlighting a diverse family structure. The community is also characterized by an immigrant population of 11.88% and a rental market comprising 28.57% of residents, with condos making up 4.08% of housing options. Educational attainment is notable, with 41.94% of residents holding a college or university degree. However, a substantial 46.24% of the population is not in the labor force, which may reflect various factors influencing employment in the area. Overall, the demographic landscape presents a blend of stability, diversity, and educational achievement, contributing to the community's unique character.