5078-5086 FIFTH Avenue

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Niagara Falls , located at 5078-5086 Fifth Avenue, Niagara Falls. Just a mile from the bustling Downtown Niagara University campus, this property is an absolute gem for anyone considering a student residence or a solid investment in a well-established neighbourhood.

This well-maintained multiplex boasts a charming two-storey design, with an exterior of Insulbrick that not only adds character but also provides durability. With a lot size of 40 X 143 feet, there’s plenty of space for outdoor enjoyment. The property features four self-contained units, each with two bedrooms and one bathroom, making it ideal for families or students looking for comfortable living arrangements. Each unit has spacious living areas that are flooded with natural light, creating a warm and inviting atmosphere.

The kitchen, conveniently located on the main floor, is fully equipped, and each unit also features a four-piece bathroom with Mirolin surrounds, ensuring a practical yet stylish setup. Although there’s no additional kitchen or family room, the layout of the units allows for a comfortable living experience. Each tenant can enjoy their own private outdoor space, complete with walkways and either a patio or balcony, perfect for those sunny afternoons.

One of the standout features of this Multi-Family Home for sale in Niagara Falls is the full, unfinished basement, which provides individual storage lockers for each unit. There’s also a commercial-grade coin laundry facility, featuring Whirlpool appliances, making laundry day a breeze for all residents. Recent upgrades to the property include a complete rewire and separate meters for each unit, ensuring that utilities are easily managed. Each unit also has its own water tank, adding to the convenience of living here.

Heating is efficient, thanks to a newer gas boiler that’s only eight years old, providing reliable warmth throughout the building. The roof was replaced in 2018, with high-quality metal-clad sheeting for long-lasting durability, and all plywood was replaced at that time as well. Safety has been a priority, with fire-rated walls, interconnected smoke detectors, and a fire suppression system installed in the basement. Additionally, the property features a backflow water preventer and a commercial-grade sump pump, ensuring peace of mind for both owners and tenants.

Parking is a breeze with a detached three-car garage that has individual doors, offering extra storage space. The property is currently occupied by the owner, which means secure parking is readily available. The master key system provides easy and secure access to all units, making management straightforward and hassle-free.

This Multi-Family Home for sale in Niagara Falls is not just a property; it’s a well-maintained investment ready to generate income. With all major system upgrades already completed, this fourplex is a solid investment with minimal upkeep required. Whether you’re an owner-occupant or an investor, this property is a fantastic opportunity to secure a piece of real estate in a prime location.

So, if you’re interested in exploring this Multi-Family Home for sale in Niagara Falls, located at 5078-5086 Fifth Avenue, Niagara Falls, don’t hesitate to reach out. This property is ready for its next chapter, and it could very well be with you! Call for financials and take the first step towards owning this remarkable investment today!

The 210 - Downtown area of Niagara Falls is a vibrant and bustling geographic hub that seamlessly blends urban convenience with natural beauty. Nestled near the iconic falls, this district offers a rich tapestry of attractions, including charming shops, diverse dining options, and cultural venues that reflect the city's heritage. Residents can enjoy easy access to scenic parks and waterfront areas, perfect for leisurely strolls or outdoor activities. With a lively atmosphere, excellent public transport links, and a strong sense of community spirit, 210 - Downtown is an ideal place for those seeking a dynamic lifestyle while being just moments away from one of nature's most breathtaking wonders.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it an excellent choice for families. The closest school, Valley Way Public School, is just 0.3 km away and offers elementary education (JK to 8) with a rating of 3.6. For secondary education, Stamford Collegiate is only 1.9 km from the property, boasting a commendable rating of 4.7. Additionally, Prince Philip French Immersion Public School, located 3.9 km away, provides a French-language curriculum for grades 1 to 8 and has an impressive rating of 8.6. A N Myer Secondary School, also nearby at 3.0 km, offers a French-language program for grades 9 to 12, rated at 7.4. For those seeking Catholic education, St. Patrick Catholic Elementary School is just 0.8 km away, rated at 8, while other options like Notre Dame Catholic Elementary School and Our Lady of Mount Carmel Catholic Elementary School are within 2.9 km and 3.2 km, respectively. Overall, the area offers a diverse range of public and Catholic schools, catering to various educational needs and preferences, ensuring that families have access to quality education within a short distance.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 595 residents, with an average household size of 2.6 individuals. The demographic profile indicates a mature community, with an average age of 46 years. Economic indicators reveal an average household income of $89,000, with a low-income rate of 7.6%. The real estate market shows an average property price of $480,000, reflecting the area's desirability. Socially, the community is characterized by a significant proportion of single individuals, making up 56.44% of the population, while 37.04% of households include children. Immigrants constitute 19.23% of the population, contributing to the area's cultural diversity. Additionally, 35.71% of residents are renters, indicating a mixed housing market, although there are no condominiums present in the area. Education levels are relatively high, with 43.62% of residents holding a college or university degree. However, it is notable that 37.23% of the population is not in the labor force, which may influence the local economy and community dynamics. Overall, this demographic snapshot suggests a stable and diverse community with a blend of families, singles, and a strong emphasis on education.