4744 JEPSON STREET, Niagara Falls (Downtown)

$449,900

For sale: Multiplex

Multiplex at 4744 JEPSON STREET, Niagara Falls (Downtown)
Property type
Duplex
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® X14095506
Neighbourhood
210 - Downtown

Excellent investment opportunity in the heart of Niagara Falls! This two-storey duplex features two self-contained one-bedroom units, each with its own kitchen, living area and bathroom. Currently generating $3,400 in monthly rental income ($40,800 annually), with the main floor rented for $1,900 and the upper unit for $1,500. Recent improvements include updated flooring, kitchens and fresh paint. The property also features a full unfinished basement, private fenced backyard and driveway parking. Conveniently located near shopping, restaurants, public transit, entertainment and the Niagara Falls tourist district. An excellent opportunity to add an income-producing property to your investment portfolio!

Sold data

Multiplex homes in Niagara Falls (Downtown) — recent sold market

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 21 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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 15% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$530,000
Sale-to-list ratio
92.2%
Sold above asking
12%

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

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 4744 JEPSON STREET