4394 ELLIS STREET, Niagara Falls (Downtown)

$599,900

For sale: Multiplex

Multiplex at 4394 ELLIS STREET, Niagara Falls (Downtown)
Property type
Investment
Bedrooms / bathrooms
5 bedrooms
MLS®
MLS® X13663216
Neighbourhood
210 - Downtown

If you are looking to scale your portfolio with a highly efficient, hands-off asset, this prime four-unit building in Niagara Falls is engineered for immediate performance. Perfectly positioned within walking distance to Downtown, local parks, and premier amenities, the property is situated exactly where high-quality tenants want to be. Comprising one spacious two-bedroom and three one-bedroom units, the building offers a versatile and highly rentable mix tailored to the local market.This investment perfectly balances immediate cash flow with an effortless value-add play: three of the units are already fully renovated and tenant-ready, leaving just one remaining unit as a clean slate for you to finish, customize, and set your own premium market rent. Designed for low-touch, highly profitable management, the building is fully split-metered so tenants pay their own gas and hydro directly, shielding your bottom line from utility fluctuations. With a newer roof minimizing near-term capital expenditures and coin-operated laundry in the large lower level providing an effortless secondary income stream, this is a rare, straightforward buy-and-hold opportunity. Secure this high-upside, cash-flowing piece of Niagara's growth before the market reacts.

Sold data

Homes in Downtown — recent sold market

Homes in Downtown took a median of 38 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 74, across 72 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 74 days.

The median sale price was $419,950.

Homes sold for about 5.0% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 35% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$419,950
Sale-to-list ratio
95.0%
Sold above asking
6%

Based on 72 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Niagara Falls (Downtown)

Niagara Falls (Downtown) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.

Rated schools
31
Elementary
26
Secondary
5
Average rating
7.6 / 10

Top-rated schools in Niagara Falls (Downtown)

  • Kate S Durdan — elementary, Niagara FallsFraser rating 10.0/10
  • Father Hennepin — elementary, Niagara FallsFraser rating 9.9/10
  • St Vincent de Paul — elementary, Niagara FallsFraser rating 9.9/10
  • Orchard Park — elementary, Niagara FallsFraser rating 9.8/10
  • Simcoe Street — elementary, Niagara FallsFraser rating 9.4/10
  • Heximer Avenue — elementary, Niagara FallsFraser rating 9.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 4394 ELLIS STREET