4933 Jepson Street Active Save Request In-Person Tour Request Virtual Tour
Niagara Falls,ON L2E 1J9
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,314 sqft
Price per Sqft $432
MLS Listing ID 40694944
Bedrooms 5
Abv Grd Liv Area 2,314
Originating Board Hamilton - Burlington
Year Built 1920
Annual Tax Amount $5,063
Lot Size 4,573 Sqft
Acres 0.105
Property Sub-Type Multi-5 Unit
Property Description
Legal 5-Unit Multiplex in Prime Niagara Falls Location – Exceptional investment opportunity in the heart of Niagara Falls. This legal five-unit multiplex is fully tenanted with five A+ tenants, offering stable rental income and hassle-free management. All five units are above grade, providing bright and spacious living spaces that attract quality tenants. The property consists of three one-bedroom units, one studio unit, and one two-bedroom unit, catering to a diverse range of renters. Financials have been carefully accounted for, with expenses including a 5% vacancy rate and a 5% maintenance cost, ensuring accurate and realistic projections. Additional revenue is generated from Coinamatic laundry, which is fully equipped and operates on a set schedule for tenants' convenience. This multiplex is fully fire compliant, featuring a steel fire escape for added safety. The building has been professionally managed and well maintained, ensuring smooth operations with minimal expenses. Tenants benefit from inclusive utilities, making this an attractive rental option with strong occupancy rates. Driveway parking is available for tenants with vehicles, adding further convenience and value to the property. Located in a high-demand area, the property is within close proximity to public transit, shopping, dining, entertainment, and major Niagara Falls attractions. With legal status, strong income, low vacancy, and minimal maintenance requirements, this is an outstanding addition to any real estate portfolio. Don't miss this rare opportunity.
Location
Province ON
County Niagara
Area Niagara Falls
Zoning RES
Direction Victoria Ave to Jepson St
Rooms
Other Rooms Shed(s)
Basement Separate Entrance,Full,Unfinished
Kitchen 0
Interior
Interior Features None
Heating Radiant
Cooling None
Fireplace No
Appliance Refrigerator,Stove
Laundry Coin Operated
Exterior
Exterior Feature Private Entrance,Year Round Living
Parking Features Asphalt
Roof Type Asphalt Shing
Handicap Access Multiple Entrances,Parking
Porch Patio,Porch
Lot Frontage 45.0
Lot Depth 101.5
Garage No
Building
Lot Description Rectangular,Ample Parking,City Lot,Near Golf Course,Highway Access,Hospital,Library,Park,Place of Worship,Playground Nearby,Quiet Area,Rec./Community Centre,School Bus Route,Schools
Faces Victoria Ave to Jepson St
Story 2.5
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 643380102
Ownership Freehold/None