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$ 549,000
Est. payment /mo
Price Dropped by $50K
5145 Rice CRES Niagara Falls, ON L2E 4A1
3 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family, freehold, residential
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 210 - Downtown
MLS Listing ID X13104854
Style 2-Storey
Bedrooms 3
Annual Tax Amount $2,620
Tax Year 2025
Property Sub-Type Duplex
Property Description
Strong investment opportunity with multiple income streams and excellent flexibility for investors or owner-occupants. This legal duplex features a spacious 2-bedroom main floor unit and a bright 1-bedroom upper unit, each with separate entrances. Additionally there is a lower-level living space with in-law potential offering separate entrance, kitchen, bathroom and two bedrooms. Coin laundry on site provides added revenue opportunity. Property offers parking for 3 vehicles and a low-maintenance backyard for tenant enjoyment. Centrally located in a convenient downtown area within walking distance to shopping, restaurants, amenities, and the Falls. Excellent opportunity to add value and maximize cash flow in a high-demand rental location. Current total monthly rents are $4,600 and include all utilities. 24 hours notice required for all showings.
Location
State ON
County Niagara
Area Niagara
Rooms
Family Room Yes
Basement Separate Entrance, Finished
Kitchen 3
Separate Den/Office 2
Interior
Interior Features In-Law Capability
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 90.0
Total Parking Spaces 3
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by BOLDT REALTY INC., BROKERAGE
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