$699,900
For sale: Multiplex

Fully renovated from the studs with all-new interiors and exteriors! This downtown Niagara Falls triplex features three self-contained units with 4, 2, and 1 bedrooms, fully rented to AAA tenants for $5,300 per month plus hydro. New kitchens, bathrooms, appliances, furnace, central air, electrical, and flooring. Zoned CB, with potential for a fourth unit or short-term rentals, subject to municipal approvals. Close to the university, GO Train, downtown amenities, and the U.S. border. A turnkey investment opportunity!
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 74 days.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.
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
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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