4663 HURON STREET, Niagara Falls (Downtown)4663 HURON STREET, Niagara Falls (Downtown) — photo 24663 HURON STREET, Niagara Falls (Downtown) — photo 34663 HURON STREET, Niagara Falls (Downtown) — photo 44663 HURON STREET, Niagara Falls (Downtown) — photo 54663 HURON STREET, Niagara Falls (Downtown) — photo 64663 HURON STREET, Niagara Falls (Downtown) — photo 74663 HURON STREET, Niagara Falls (Downtown) — photo 84663 HURON STREET, Niagara Falls (Downtown) — photo 94663 HURON STREET, Niagara Falls (Downtown) — photo 10
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Business For Sale · Multifamily

4663 HURON STREET, Niagara Falls (Downtown)

4663 HURON STREET, Niagara Falls (Downtown), ON L2E2H7

$3.2M total

9,750 SF

Asset Class

Multifamily

Size

9,750 SF

Building class

A

Zoning

RF6 — Medium Density

$ / SF

$328

Occupancy

97%

About this property

15 Two-Bedroom Units with Parking & Immediate Lease-Up Potential. A rare opportunity to acquire a 15-unit apartment building with on-site parking in the downtown core of Niagara Falls.All units are two-bedroom layouts, giving investors a strong and desirable rental mix. The building currently includes six vacant units, all turnkey and ready to be leased immediately. This creates a valuable opportunity for a purchaser to select new tenants, establish current market rents, and strengthen the rent roll shortly after closing.Located close to restaurants, coffee shops, entertainment, shopping, transit, and everyday amenities, the property is well positioned for tenants seeking convenient urban living in the heart of the city.The location may also offer potential for alternative rental strategies, including short-term rental use, subject to municipal approvals, licensing requirements, zoning confirmation, and buyer due diligence.A compelling value-add opportunity with 15 two-bedroom units, parking, turnkey vacancy upside, downtown exposure, and long-term potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.20M
Down payment30% · $960K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$15K

Projected NOI

$115K

Annual cash flow

$-63K

Cash-on-cash

-6.51%

DSCR

0.65

Going-in cap

3.59%

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.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply4,692 SF2033-03
Summit Trades Supply4,775 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

124,044

Households

58,679

Median income

$81,500

Median age

43.2

Daytime population

188,588

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 4663 HURON STREET, 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.