$499,900
For sale: Multiplex

Exceptional multi-unit investment opportunity, currently operated as a short-term rental! Ideally located just one minute from Great Wolf Lodge and five minutes from Niagara Falls. The main-floor unit features two bedrooms, a spacious living area, a kitchen, a four-piece bathroom, and patio doors leading to the backyard. The second-floor unit offers three additional bedrooms, a living room, a kitchen, and a full bathroom. The third-floor unit is a private one-bedroom apartment complete with a kitchenette and a three-piece bathroom. Situated on a generous 50 x 150 ft lot, this property offers excellent potential for investors, short-term-rental operators, or buyers seeking flexible multi-generational living. Offer date: 3rd of September at 4 pm.
Sold data
Multiplex homes in Niagara Falls (Downtown) took a median of 35 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 60, across 34 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $530,000.
Homes sold for about 7.8% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 34 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Niagara Falls (Downtown) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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