For Sale · Multifamily

4077 HICKSON AVENUE, Niagara Falls (Downtown)

4077 HICKSON AVENUE, Niagara Falls (Downtown), ON L2E3K1

$599,000 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

88%

About this property

Turnkey triplex investment opportunity in a prime Niagara Falls location! Situated just stepsfrom Great Wolf Lodge and minutes from the city's world-renowned tourist district, this solidbrick multi-residential property offers immediate cash flow with all three units currentlyoccupied. Featuring spacious and well-maintained suites, this income-producing asset hasbenefited from several key updates, including a high-efficiency furnace, central airconditioning, updated roof shingles, chimney liner, and a hardwired fire alarm system.The property sits on a fully fenced lot and includes a detached double-car garage along withprivate driveway parking, providing additional convenience and tenant appeal. Located in astrong rental market with proximity to attractions, employment, shopping, schools, and publictransit, this is an excellent opportunity for investors seeking stable rental income andlong-term appreciation. A rare chance to acquire a fully tenanted, low-maintenance triplex inone of Niagara Falls' most desirable investment corridors. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$19K

Annual cash flow

$-15K

Cash-on-cash

-8.13%

DSCR

0.56

Going-in cap

3.10%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

137,691

Households

63,956

Median income

$86,000

Median age

45.1

Daytime population

135,796

5-yr growth

3.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 4077 HICKSON AVENUE, Niagara Falls (Downtown).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.