










1/124077 HICKSON AVENUE, Niagara Falls (Downtown), ON L2E3K1
$599,000 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
88%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 4077 HICKSON AVENUE, Niagara Falls (Downtown).
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.