$1,249,999
 $6,710 est/mo Sourced by Back At You

6437 - 6423 Barker Street , Niagara Falls, ON L2G 1Y6

Niagara Falls, ON L2G 1Y6

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Description

Outstanding investment opportunity! Offering two homes on a large lot w/a severable portion and pre-approved drawings for a third home, this property is a dream come true for investors or multi-generational families. The prime location, flexible living arrangements, and development potential make this property an opportunity in today's market. House 1 is a versatile, income-generating powerhouse w/three distinct units, each designed to offer privacy & comfort: Unit 1: 2 beds, 1 bathideal for small families or young professionals. Unit 2: 2 beds, 2 bathsperfect for larger families or roommates seeking spacious living. Unit 3: A cozy studio apartmentgreat for single occupants. Each is self-sufficient w/its own washer & dryer, providing the convenience of in-unit laundry. There’s also the potential to add a fourth unit in the bsmt, further increasing rental income. Two of the units are already tenanted, offering a steady cash flow, while one remains vacant. House 2 is a spacious single-family home that offers 4 bedrooms, 2½ bathroomsa large, comfortable living space for growing families A potential in-law suiteperfect for multi-generational living or additional rental income This house is currently tenanted, offering immediate income. The flexibility of month-to-month leases across both homes gives you the freedom to adjust rental terms as needed or take advantage of the vacancy for personal use. The severable lot comes complete w/approved drawings for a third home. This allows you to either expand your rental portfolio, develop and sell the additional home, or enjoy the flexibility of a custom-built property to meet your future needs. Nestled in a family-friendly neighborhood, the property is within walking distance of some of Niagara Falls' top schools, making it attractive to families seeking long-term rentals. For entertainment and tourism, you're just minutes from the Casino and Clifton Hill.

Details

MLS#40654526
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site32
Listing Provided ByRE/MAX NIAGARA REALTY LTD, BROKERAGE | Steve Simard

Features

Bed(s)4
Bath(s)3
SQ Feet1,552
Garage1
BasementY
Story(s)1
Units1
Building(s)1
ZoningR1E
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountyNiagara
CityNiagara Falls
Postal CodeL2G 1Y6
AreaNiagara Falls
Subarea216 Dorchester
Community Name216 Dorchester
Listing VS Median (in 216 Dorchester)
Price:
$1,249,999
low | high
Med:
$599,900
100% of Average
SqFt:
1,552
low | high
Med:
1,443
57.023195876289% of Average
$ / SqFt:
$805
low | high
Med:
$423
97.442592813732% of Average
On Site:
32
low | high
Med:
23.500000
100% of Average
Sourced by Back At You
Listing Updated: October 9, 2024 at 9:48:58 AM PDT