For Sale · Multifamily

4895 STAMFORD STREET, Niagara Falls (Cherrywood)

4895 STAMFORD STREET, Niagara Falls (Cherrywood), ON L2E1M2

$679,000 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

89%

About this property

Renovated duplex featuring 8 bedrooms and 4 full bathrooms in the heart of Niagara Falls! Ideally located near the Falls, casinos, tourist attractions, Niagara Parkway, parks, Niagara University and the GO-Transit station, this versatile property offers excellent potential for investors, multigenerational families or buyers seeking spacious living with rental income. The newly renovated, vacant upper residence spans the second and third floors. The second floor offers three bedrooms, a kitchen, a full bathroom, laundry, and an enclosed sunroom. An interior staircase leads to a third-floor retreat featuring an additional bedroom, separate living area, a full bathroom, and a convenient pantry. The main-floor unit and finished basement are currently tenanted, each offering two bedrooms, a kitchen, a full bathroom, laundry, and a separate entrance. Updated windows, flooring, doors, and exterior stucco complement the renovations, while a fenced backyard and garden shed complete the property. A great investment opportunity combining generous living space, turnkey rental income, and a prime Niagara Falls location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$679K
Down payment30% · $204K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$21K

Annual cash flow

$-16K

Cash-on-cash

-8.04%

DSCR

0.56

Going-in cap

3.13%

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

121,825

Households

47,633

Median income

$104,500

Median age

43.4

Daytime population

121,419

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for 4895 STAMFORD STREET, Niagara Falls (Cherrywood).

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.