4591 Homewood Avenue

Nestled in the heart of a desirable family-friendly neighbourhood, the property at 4591 Homewood Avenue, Niagara Falls, presents an exceptional opportunity for those seeking a Multi-Family Home for sale in Niagara Falls . This legal non-conforming triplex boasts remarkable flexibility and income potential, making it an ideal choice for investors, first-time buyers, and multigenerational families alike. The location, combined with the property’s features, ensures that it caters to a variety of living arrangements and financial strategies.

The address, 4591 Homewood Avenue, Niagara Falls, is strategically situated near the intersection of Morrison and Homewood, within the community of 211 - Cherrywood. This prime location offers easy access to local amenities, parks, and schools, enhancing the appeal of this Multi-Family Home for sale in Niagara Falls. The building itself is a bungalow-raised multiplex, featuring an attractive exterior clad in aluminium siding, which not only provides durability but also a modern aesthetic.

This versatile property comprises a total of 12 rooms, including three well-appointed kitchens, which is a significant advantage for a Multi-Family Home for sale in Niagara Falls. The main floor apartment, recently renovated in 2023, includes two spacious bedrooms and a full bathroom, all showcasing contemporary updates that elevate the living experience. The lower-level unit, renovated in 2020, offers three bedrooms and a bathroom, enhanced by large windows that flood the space with natural light, creating a warm and inviting atmosphere.

Additionally, the rear of the property features a one-bedroom, one-bathroom apartment that is currently vacant, presenting an excellent opportunity for potential rental income. This space can also serve as an in-law suite or private guest accommodation, further enhancing the property’s appeal as a Multi-Family Home for sale in Niagara Falls.

For those who require additional storage or utility space, the oversized detached garage at the property is a notable feature. With space for two cars and equipped with hydro, it is perfect for storage, a workshop, or any other utility needs. The property also benefits from two separate hydro metres, providing convenience and efficiency for the different units.

The lot measures an impressive 40 by 130 feet, providing ample outdoor space for residents to enjoy. While there is no pool or fireplace, the property is equipped with a finished basement that has a separate entrance, adding to the versatility of the living arrangements. The absence of air conditioning may be noted, but the property is heated via a forced air system, ensuring comfort throughout the year.

The utilities for this property are well-managed, with municipal water and sewer services in place. The hot water tank is owned, offering peace of mind and reducing ongoing costs for the future owners. The driveway is private and accommodates up to five parking spaces, ensuring ample room for residents and guests alike.

In summary, the property at 4591 Homewood Avenue, Niagara Falls, stands out as a prime example of a Multi-Family Home for sale in Niagara Falls. With its strategic location, flexible living arrangements, and potential for rental income, this triplex is a remarkable investment opportunity. Whether you are looking to offset your mortgage by living in one unit while renting the others, or seeking a comfortable home for extended family living, this property delivers a range of possibilities. Don’t miss the chance to explore this exceptional offering at 4591 Homewood Avenue, Niagara Falls, and discover the potential it holds for your future.

Cherrywood, nestled within the vibrant city of Niagara Falls, is a charming residential area characterised by its serene tree-lined streets and a welcoming atmosphere. This community offers a delightful blend of suburban tranquillity and proximity to the iconic natural wonder of Niagara Falls, making it an ideal location for those seeking a peaceful yet engaging lifestyle. With a variety of local amenities, including parks, shops, and schools, Cherrywood caters to families and individuals alike. Its close-knit feel, combined with easy access to the bustling attractions of the city, ensures that residents can enjoy both the beauty of nature and the conveniences of urban living.

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, making it a great choice for families. Within a short distance of just 0.6 km, you will find Valley Way Public School, an English-speaking elementary school serving grades JK to 8, which has a school rating of 3.6. Additionally, St. Mary Catholic Elementary School, also 0.6 km away, offers an English curriculum for grades K to 8 and has a rating of 5.5. For secondary education, Stamford Collegiate, located 2.2 km away, is a highly rated public school (4.7) for grades 9 to 12. A N Myer Secondary School, just 2.3 km from the property, offers a French curriculum with a solid rating of 7.4. Other nearby options include Prince Philip French Immersion Public School, which boasts an impressive rating of 8.6, and several Catholic schools such as Notre Dame Catholic Elementary School and Saint Paul Catholic High School. The diverse educational options in both English and French cater to various preferences and needs, ensuring that your children have access to quality education close to home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 391 residents. The average household consists of two individuals, with a median age of 44.2 years. The average household income stands at $66,000, with 13.6% of the population classified as low-income. The real estate market shows an average property price of $430,000, reflecting the area's desirability. Notably, 56.52% of the residents are single, while 28.57% of households include children, indicating a mix of family structures. The community also has a significant immigrant population, accounting for 16.09%. Renters make up 35.9% of the households, with no condominiums present in the area. Educational attainment is relatively high, with 39.47% of residents holding a college or university degree. However, a substantial portion of the population, 38.67%, is not in the labor force, which may influence the local economy and community dynamics. Overall, this area offers a blend of diverse backgrounds and family types, making it an intriguing option for potential homeowners or investors.