5023 Kitchener Street Niagara Falls, Ontario L2G 1A9

4 Bedroom 3 Bathroom 1,500 - 2,000 ft2
Forced Air

$499,000

Convert this Legal Duplex into a Legal Triplex! 3 private entrances! Seize this rare chance to own a duplex in the heart of Niagara Falls, just steps from vibrant Clifton Hill, tourist destinations and and major amenities. This property is a golden opportunity for investors seeking strong cash flow potential with the added bonus of converting into a legal triplex. The basement is ripe for developing a legal 3rd unit with 6'10" ceiling height. All units are currently vacant, offering immediate flexibility for full market rents! Property Highlights: Main Floor Unit is a spacious 2-bedroom, 1-bathroom unit with great layout, perfect for families or professionals. Second Floor Unit: Expansive 1-bedroom, 1-bathroom unit, ideal for singles or couples seeking a generous space to grow into. Basement Potential: Opportunity to create a third legal unit in the basement, maximizing rental income and property value. Each unit, including the potential basement unit, features its own private entrance for tenant convenience and privacy. Fully equipped with 2 gas meters, 2 hydro meters, 2 furnaces, 2 hot water tanks. Concrete driveway with parking for 5 cars plus a detached single car garage. Prime location, close to Clifton Hill entertainment, dining, and attractions, with easy access to major amenities, public transit, and highways. A fully functioning Duplex, and the potential to add a third legal unit in the basement offers significant upside, transforming this duplex into a high-yield triplex in a sought-after tourist destination. A booming rental market and proximity to world-class attractions make this a turnkey investment with immediate and long-term returns. Don't miss out on this exceptional opportunity to own a versatile, income-generating property in one of Ontario's most iconic locations. Schedule a viewing today! (id:53661)

Property Details

MLS® Number X12305240
Property Type Multi-family
Community Name 214 - Clifton Hill
Parking Space Total 5

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 1
Bedrooms Total 4
Appliances All
Basement Features Apartment In Basement, Separate Entrance
Basement Type N/a
Exterior Finish Aluminum Siding
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,500 - 2,000 Ft2
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 100 Ft
Size Frontage 33 Ft ,4 In
Size Irregular 33.4 X 100 Ft
Size Total Text 33.4 X 100 Ft

Rooms

Level Type Dimensions
Second Level Kitchen 4.87 m x 3.81 m
Second Level Bedroom 3.91 m x 3.09 m
Second Level Living Room 4.11 m x 3.6 m
Second Level Bathroom 2.61 m x 2.15 m
Basement Kitchen 3.048 m x 4.26 m
Basement Bedroom 2.84 m x 3.048 m
Basement Living Room 4.87 m x 3.75 m
Main Level Living Room 3.68 m x 131 m
Main Level Kitchen 4.52 m x 3.35 m
Main Level Bedroom 3.58 m x 2.87 m
Main Level Bedroom 2 2.97 m x 2.69 m
Main Level Bathroom 2.56 m x 1.54 m
Main Level Laundry Room 2.64 m x 3.45 m

https://www.realtor.ca/real-estate/28649166/5023-kitchener-street-niagara-falls-clifton-hill-214-clifton-hill

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