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Home ON St. Catharines - Niagara Niagara Falls Elgin
5042 ONTARIO Avenue
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5042 ONTARIO Avenue $564,000
$564,000
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5042 ONTARIO Avenue
Niagara Falls, Ontario L2E3R9

MLS® Number: 40536832
3
Bedrooms
2
Bathrooms
1555
Square Feet

Listing Description

Excellent investment opportunity to own a two-storey legal duplex (main floor & upper level) that is already fully rented by two AAA tenants. ( monthly rent $2820 includes heat, hydro & water). This downtown Niagara Falls property is a stone's throw from the Niagara River, minutes to the Casino, attractions and the USA. Both units have been professionally renovated, are freshly painted, and complete with vinyl plank flooring throughout. Main floor is one bedroom with a bright spacious kitchen, combined living room / dining room, and 9 foot ceiling. Entrance to the main floor unit is through the rear entrance mudroom with closet & large window. Upper unit is a bright, two bedroom spacious apartment with a large eat-in kitchen, and modern 3-piece bath featuring a glass shower. Common access basement has two dedicated storage units and laundry. Upper tenant is a long term tenant who is now month to month. Lower tenant has been in the unit since Feb 2024 (67014831)

Location Description

One block east of Niagara River Parkway, south of Simcoe Street

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
2
Square Footage
1555 sqft
Subdivision Name
210 - Downtown
Title
Freehold
Land Size
under 1/2 acre
Built in
1920
Annual Property Taxes
$2,739.21
Total Parking Spaces
4
Time on REALTOR.ca
291 days

Building

Bathrooms
Total
2
Interior Features
Basement Type
Full (Unfinished)
Building Features
Features
Sump Pump
Structures
Shed
Total Units
2
Heating & Cooling
Cooling
None
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Stucco, Vinyl siding
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
4

Measurements

Square Footage
1555 sqft
Above Grade Finished
1555 sqft
Source: Other
Total Unfinished
777 sqft

Land

Lot Features
Frontage
30 ft
Land Depth
125 ft
Other Property Information
Zoning Description
Residential
Data provided by: Cornerstone - Mississauga # 1 - 3450 RIDGEWAY Drive, Mississauga, Ontario L5L0A2

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