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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$689,900
Available - For Sale
Listing ID: X11990835
Solid Investment Opportunity: This fully rented legal 2.5-storey triplex presents a substantial investment opportunity, delivering consistent cash flow with three separate rental units and expansion potential. Property Highlights: Unit 1 - Main House: 4 large bedrooms, 2 bathrooms, a spacious kitchen, and a bright living and dining area with a decorative fireplace. Second-floor laundry for tenant convenience. Unit 2 - Basement Apartment: Features a separate entrance, updated kitchen, newer 4-piece bath, and 2 large bedrooms Unit 3 - Back Unit: 1-bedroom apartment with an updated kitchen and 3-piece bathroom, suitable for singles or couples. Additional Features: Detached 2.5-Car Garage: This 20x23 ft garage includes hydro and has potential for additional rental income or conversion to an auxiliary unit. Expansion Potential: Consider converting the garage into a fourth unit or building a secondary unit on the existing pad. Recent Upgrades: New furnace (2023), updated plumbing and wiring, some newer windows, and a new roof (2021). Central A/C was added in 2018. Prime Location: Conveniently located near the new University of Niagara Falls and just 30 minutes from Niagara College. Close to public transit and local amenities. With all units fully rented, this triplex offers immediate positive cash flow and significant growth potential.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $64,500 $129,000 $193,500 $258,000
First Mortgage $1,225,500 $1,161,000 $1,096,500 $1,032,000
CMHC/GE $33,701.25 $23,220 $19,188.75 $0
Total Financing $1,259,201.25 $1,184,220 $1,115,688.75 $1,032,000
Monthly P&I $5,393.06 $5,071.92 $4,778.41 $4,419.98
Expenses $0 $0 $0 $0
Total Payment $5,393.06 $5,071.92 $4,778.41 $4,419.98
Income Required $202,239.8 $190,197.09 $179,190.32 $165,749.1

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX WEST REALTY INC.

6175 Barker Stre , Niagara Falls, L2G 1Y5, Niagara

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 216 - Dorchester
Style: 2 1/2 Storey
Lot Size: x 181.00(Feet)
Approximate Age:
Tax: $3,758.36
Maintenance Fee: $0
Beds: 7
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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