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$ 899,000
Est. payment | /mo
4 Beds
2 Baths
$ 899,000
Est. payment | /mo
4 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 210 - Downtown
MLS Listing ID X13206242
Style 3-Storey
Bedrooms 4
Annual Tax Amount $4,645
Tax Year 2026
Property Sub-Type Duplex
Property Description
SPECTACULAR NIAGARA RIVER DUPLEX WITH INCREDIBLE INCOME POTENTIAL! Situated on prestigious River Road, one of Niagara's most highly sought-after neighborhoods overlooking the majestic Niagara River, this massive, fully upgraded property offers an exceptional opportunity for savvy investors or owner-occupiers. The property features two expansive 1,300-square-foot units, each offering 2 spacious bedrooms, a beautifully updated bathroom, a bright sunroom, a kitchen, a formal dining room, and a living room complete with elegant French doors and gleaming hardwood floors. Both main and second-floor units boast individual full basements for ample storage, separate gas and hydro meters, and two owned hot water tanks. Capital improvements abound with a complete electrical rewiring in 2023 featuring pot lights throughout and hardwired smoke detectors, along with fully replaced windows and central air conditioning spanning all three floors. A detached double garage with concrete floors provides excellent parking or storage. Financially rewarding, the main floor currently generates $2,000 per month plus heat and hydro. The identical second-floor unit also commands $2,000 per month plus heat and hydro but will be delivered vacant on August 1st, allowing you to move right in or set your own current market rents. Adding massive upside is the 800-square-foot partially finished third-floor studio space, already framed with provisions for a kitchen, bathroom, and living area-an incredibly easy finish to maximize your revenue via the traditional rental market or a lucrative short-term Airbnb. Turnkey mechanics, premium location, and undeniable value-add potential make this River Road gem a rare find.
Location
Province ON
County Niagara
Area Niagara
Body of Water Niagara River
Rooms
Family Room No
Basement Full
Kitchen 2
Interior
Interior Features Separate Hydro Meter, Storage, Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 2.0
Pool None
Waterfront Description Indirect
Roof Type Asphalt Shingle
Road Frontage Public Road
Lot Frontage 50.0
Lot Depth 151.74
Total Parking Spaces 7
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
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