5023 Kitchener Street

Introducing a remarkable opportunity for investors, this Multi-Family Home for sale in Niagara Falls is a legal duplex located at 5023 Kitchener Street, Niagara Falls. This property, situated in the vibrant community of 214 - Clifton Hill, boasts a prime location just steps away from the bustling attractions of Clifton Hill, making it an ideal choice for those seeking a lucrative short-term rental opportunity.

The building, styled as a two-storey multiplex, features an exterior of aluminium siding, giving it a modern yet timeless appeal. With a total of 10 rooms, this Multi-Family Home for sale in Niagara Falls offers ample space for various living arrangements. The main floor unit is a spacious three-bedroom, one-bathroom residence, perfectly suited for families or professionals looking for comfort and convenience. The layout is designed to maximise space and functionality, ensuring a pleasant living experience.

On the second floor, you will find an expansive one-bedroom, one-bathroom unit, ideal for singles or couples seeking a generous living area to grow into. Each unit is equipped with its own private entrance, ensuring tenant convenience and privacy. This feature is particularly beneficial for those looking to maximise rental income, as it allows for a more independent living experience for each tenant.

One of the standout features of this property is the potential for a third legal unit in the basement. With a ceiling height of 6 feet 10 inches, the basement is ripe for development as an Accessory Dwelling Unit (ADU). This presents an excellent opportunity to further enhance the property's value and rental income potential. All units, including the prospective basement unit, are currently vacant, allowing for immediate occupancy or rental opportunities.

The Multi-Family Home for sale in Niagara Falls is fully equipped with two gas meters, two hydro meters, two furnaces, and two hot water tanks, ensuring that each unit operates independently and efficiently. The property also features a concrete driveway with parking for up to five cars, along with a detached single-car garage, providing ample parking options for tenants and guests alike.

Located at 5023 Kitchener Street, Niagara Falls, this property enjoys easy access to major amenities, public transit, and highways, making it a highly desirable location for both tenants and investors. The proximity to world-class attractions, dining, and entertainment options further enhances its appeal, ensuring a strong cash flow potential for those looking to invest in the thriving Niagara area.

In terms of additional features, the property does not include a pool, fireplace, or central vacuum system, but it does offer internet connectivity, which is essential for modern living. The heating is provided by a forced air system, and the property is connected to municipal water and sewer services, ensuring reliable utilities for all residents.

Overall, this Multi-Family Home for sale in Niagara Falls presents a golden opportunity for investors seeking a property with significant upside potential. The combination of its prime location, spacious living arrangements, and the possibility of developing a third unit in the basement makes it a standout choice in the current market. Don’t miss your chance to acquire this exceptional property at 5023 Kitchener Street, Niagara Falls, and capitalise on the lucrative rental market in this popular tourist destination. Whether you are looking to establish a short-term rental business or simply expand your investment portfolio, this property is sure to meet your needs and exceed your expectations.

Clifton Hill, nestled within the vibrant city of Niagara Falls, is a lively and picturesque neighbourhood renowned for its blend of natural beauty and entertainment. This area is characterised by its proximity to the iconic Niagara Falls, offering breathtaking views and easy access to the stunning natural wonder. Clifton Hill is bustling with attractions, including amusement parks, restaurants, and shops, making it a hub of activity for both residents and tourists alike. The charming streets are lined with colourful facades and a variety of cultural experiences, ensuring that there is always something to explore. Living in Clifton Hill means embracing a dynamic lifestyle where the thrill of adventure meets the tranquillity of nature, making it an appealing choice for those seeking a unique and engaging environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs for families. The closest option is Valley Way Public School, an English-speaking elementary school just 0.8 km away, serving grades JK to 8 with a school rating of 3.6. For secondary education, Stamford Collegiate is only 1.8 km from the property, offering grades 9 to 12 and boasting a strong rating of 4.7. Additionally, families interested in French immersion can consider Prince Philip French Immersion Public School, located 4.4 km away, which has an impressive rating of 8.6. Other notable schools include St. Patrick Catholic Elementary School (1.2 km, rating 8) and A N Myer Secondary School (3.6 km, rating 7.4), both providing quality education in both English and French. While Saint Paul Catholic High School is nearby, it has a rating of 0, which may raise concerns. Overall, the area offers a diverse selection of public and Catholic schools, ensuring a variety of educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 350 residents, with an average household size of 2.1 individuals. The demographic profile indicates a mature community, with an average age of 43.9 years. The average household income stands at $60,000, although 26% of the population is classified as low-income. The real estate market shows an average property price of $460,000, reflecting the area's economic dynamics. Notably, a significant portion of the population, 53.97%, is single, while 36.84% of households include children, suggesting a diverse family structure. The community is also characterized by a considerable immigrant presence, comprising 27.69% of residents. Renting is prevalent, with 58.06% of the population living in rental properties, and there are no condominiums available in the area. Educational attainment is high, with 50% of residents holding a college or university degree, yet half of the population is not participating in the labor force. This demographic snapshot highlights a community with a mix of stability and diversity, making it an intriguing location for potential buyers or investors.