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.
MLS# | 40654526 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Days On Site | 32 |
Listing Provided By | RE/MAX NIAGARA REALTY LTD, BROKERAGE | Steve Simard |
Bed(s) | 4 |
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Bath(s) | 3 |
SQ Feet | 1,552 |
Garage | 1 |
Basement | Y |
Story(s) | 1 |
Units | 1 |
Building(s) | 1 |
Zoning | R1E |
Province | ON |
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County | Niagara |
City | Niagara Falls |
Postal Code | L2G 1Y6 |
Area | Niagara Falls |
Subarea | 216 Dorchester |
Community Name | 216 Dorchester |
Listing VS Median (in 216 Dorchester) | |
Price: $1,249,999 low | high Med: $599,900 SqFt: 1,552 low | high Med: 1,443 $ / SqFt: $805 low | high Med: $423 On Site: 32 low | high Med: 23.500000 |