For Sale · Multifamily

4160 DORCHESTER ROAD, Niagara Falls (Morrison)

4160 DORCHESTER ROAD, Niagara Falls (Morrison), ON L2E6N2

$449,900 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

86%

About this property

Well-maintained duplex in Niagara Falls' sought-after North End offering great potential for investors or families. The main floor features a spacious eat-in kitchen, large living room, two bedrooms, and a four-piece bath, plus a full unfinished basement with excellent storage or development options. The upper unit includes a bright living area, one bedroom, a three-piece bath, and a private terrace perfect for outdoor relaxation. With ample parking and a prime location close to schools, shopping, and transit, this property is ideal for living in one unit while renting the other, creating an in-law setup, or adding a smart investment to your portfolio. (id:66811)

Financial sandbox

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Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$15K

Annual cash flow

$-10K

Cash-on-cash

-7.04%

DSCR

0.62

Going-in cap

3.43%

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

105,347

Households

46,321

Median income

$119,500

Median age

33.3

Daytime population

173,974

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 4160 DORCHESTER ROAD, Niagara Falls (Morrison).

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.