For Lease · Multifamily

1 - 4271 FIFTH AVENUE, Niagara Falls (Downtown)

1 - 4271 FIFTH AVENUE, Niagara Falls (Downtown), ON L2E4R1

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

94%

About this property

BEST VALUE IN A RENTAL IN NIAGARA FALLS! A luxury residence within a newly constructed property offering exceptional value and high-end finishes in the heart of Niagara Falls. Purposefully designed for modern living, this stunning 2-storey unit features soaring 9-foot ceilings, a bright open-concept layout and premium finishes throughout, creating a space that feels elevated from the moment you walk through the door. The main floor showcases oversized windows, a spacious living and dining area, convenient 2-piece powder room and a beautifully designed custom kitchen complete with quartz countertops, soft-close cabinetry, stylish backsplash, stainless steel appliances and a large centre island with breakfast bar perfect for entertaining or everyday family living. Upstairs, you'll find 3 generously sized bedrooms including a spacious primary suite with walk-in closet, along with a shared spa-inspired 5-piece bathroom featuring a double vanity, freestanding soaker tub, glass shower and elegant porcelain tile finishes. Additional features include second-floor laundry with stackable washer and dryer, central air, forced air gas heating, HRV system, tankless water heater, private entrance, modern black exterior accents and two assigned parking spaces. This newly built Duplex consists of two side-by-side identical upper units along with one separate lower-level unit, creating a rare opportunity for multigenerational families or extended family members to live within the same building while maintaining fully independent living spaces. Each unit is separately metered, with tenants responsible for their own utilities. Ideally located close to parks, schools, shopping, transit and major amenities, this is an outstanding opportunity to lease a newer luxury suite that combines style, functionality, flexibility and unbeatable value. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

75,835

Households

27,433

Median income

$123,500

Median age

35.9

Daytime population

99,311

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 1 - 4271 FIFTH 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.