6175 Barker Street

If you’re on the lookout for a fantastic investment opportunity that doubles as a lovely home, then look no further than this Multi-Family Home for sale in Niagara Falls ! Nestled at 6175 Barker Street, Niagara Falls, this spacious legal 2.5-storey multiplex is the perfect blend of comfort and financial savvy. With a total of seven bedrooms and four bathrooms, this property is designed to accommodate families and investors alike, making it an absolute gem in the 216 - Dorchester community.

Imagine living comfortably while also building wealth! This Multi-Family Home for sale in Niagara Falls offers you the chance to reside in a generous four-bedroom unit while simultaneously generating rental income from two fully leased units. Whether you’re an astute investor seeking strong cash flow or a homeowner looking to ease your mortgage burden, this property ticks all the right boxes.

Let’s dive into the details of your future home! The main unit, which could serve as your owner’s suite, is anything but typical. Spread across two and a half sun-drenched stories, it features four spacious bedrooms and two full bathrooms, ensuring plenty of room for the whole family. The bright living and dining area boasts a charming decorative fireplace, perfect for those cosy evenings in. If you work from home or need a quiet space to focus, the main floor den is an ideal home office. The large kitchen is perfect for hosting family meals or entertaining friends, and with second-floor laundry, convenience is at your fingertips. This Multi-Family Home for sale in Niagara Falls allows you to live here for under £1,600 a month, with rental income covering the rest!

Now, let’s talk about the rental units. Units 2 and 3 are your reliable income sources. Unit 2 is a spacious basement apartment with its own separate entrance, featuring an updated kitchen, a four-piece bath, and two generous bedrooms. This unit is perfect for long-term rental stability, ensuring you have consistent income. Unit 3, located at the back, is a bright one-bedroom apartment complete with its own kitchen and a three-piece bath, making it ideal for singles, students, or couples. Both units provide immediate income, making this property cash-flow positive from day one.

But that’s not all! This Multi-Family Home for sale in Niagara Falls also comes with a detached 2.5-car garage measuring 20x23 ft, which adds tremendous value. This space can be used for storage or a workshop, but the real potential lies in the possibility of converting it into a fourth rental unit or creating a trendy coach house. You could even explore the option of adding a secondary dwelling on the existing pad. The opportunities for expansion and increased income are endless!

Situated on a lot measuring 40 x 181 feet, this property also features a private double driveway with parking space for up to five vehicles, making it convenient for both residents and guests. The central air conditioning will keep you cool during those warm summer months, and the municipal water and sewer systems ensure hassle-free living.

With the added bonus of an onsite superintendent couple to manage operations, this Multi-Family Home for sale in Niagara Falls is not just a property; it’s a lifestyle choice. Whether you’re looking to invest or simply want a comfortable place to call home, 6175 Barker Street, Niagara Falls, is the perfect fit. Don’t miss out on this unique opportunity to live comfortably for less while building your wealth!

Community 216, nestled within the vibrant city of Niagara Falls, offers a unique blend of suburban charm and urban convenience. This area is characterised by its picturesque streets lined with well-maintained homes, green spaces, and a welcoming atmosphere. Residents enjoy easy access to local amenities, including shops, parks, and schools, all while being just a short drive from the breathtaking natural beauty of the iconic Niagara Falls. The community's diverse population fosters a sense of belonging, making it an ideal place for families and individuals alike to settle down and thrive in a peaceful yet connected environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Princess Margaret Public School, an elementary school rated 5.7, just 0.7 km away, and Stamford Collegiate, a secondary school rated 4.7, only 0.5 km from your doorstep. For families interested in French immersion, Prince Philip French Immersion Public School is located 4.5 km away and boasts an impressive rating of 8.6. Additionally, A N Myer Secondary School, also offering French language instruction, is 3.8 km from the property and has a solid rating of 7.4. Catholic education options include Father Hennepin Catholic Elementary School, rated 9.1 and situated 1.5 km away, and Our Lady of Mount Carmel Catholic Elementary School, which is 1.1 km away with a rating of 5.2. Although Saint Paul Catholic High School is 3.5 km away, it currently has a rating of 0. Overall, the diverse range of schools in close proximity ensures that families have access to quality education options in both English and French, catering to various educational preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 570 residents, with an average household size of 2. The community has a relatively mature demographic, with an average age of 46.2 years. Economic indicators show an average household income of $45,600, with a significant portion of the population (26.8%) classified as low-income. The average property price in the area stands at $520,000, which may reflect the local market conditions. A notable 66.34% of the population is single, while households with children make up 23.08%. The area is home to a diverse community, with 18.6% of residents being immigrants. Renters dominate the housing landscape, comprising 72.34% of the population, and there are no condominiums available. Educational attainment is relatively high, with 41.67% of residents holding a college or university degree. However, a significant 51.39% of the population is not in the labor force, indicating potential challenges in employment opportunities. Overall, this demographic snapshot highlights a community characterized by a mix of economic diversity, educational attainment, and a predominance of single and rental households.