ON > Niagara Falls
Niagara Falls, ON L2E 1J9,4933 Jepson Street
Niagara Falls, ON L2E 1J9,4933 Jepson Street
Niagara Falls, ON L2E 1J9,4933 Jepson Street
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Isaac Rosebrugh

Isaac Rosebrugh

+1(519) 754-6611
Listed by Rob Golfi • RE/MAX Escarpment Golfi Realty Inc.
$999,900
Est. payment /mo
5 Beds
5 Baths
2,314 SqFt
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UPDATED:

02/03/2025 05:56 PM

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

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