For Sale: 5078-5086 Fifth Avenue, Niagara Falls, ON - REW
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$850,000
8 bd • 4 ba • 2500 - 2999 sf • Multifamily
5078-5086 Fifth Avenue
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$850,000
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5078-5086 Fifth AvenueNiagara Falls, ON, L2E 4S5

  • 8 Bed
  • 4 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

Louise apartments. An incredible, purpose-built brick fourplex offering stable immediate returns alongside massive rental upside, ideal for multi-generational families co-buying together or owners looking to live in one unit while offsetting their mortgage! Located in an established neighborhood just one mile from the Niagara University campus, this exceptionally well-maintained building features four spacious 2-bedroom units-each complete with a full bath, full kitchen, living room, private entrance, and private porch or balcony. Fully upgraded for low-maintenance ownership, major capital improvements include a complete electrical rewire with five separate meters, four individual water heaters, an efficient gas boiler approximately eight years old, and a complete roof replacement in 2018 down to the plywood, topped with high-quality metal for lifetime durability. Safety and utility features abound with fire-rated walls, interconnected smoke detectors, a basement fire suppression system, a backflow preventer, a commercial-grade sump pump, and a convenient master key system. The basement houses commercial-grade Whirlpool coin laundry and private storage rooms for each unit, while a detached three-car garage with separate doors provides potential extra storage income. This fully optimized property features long-term, highly reliable tenants providing immediate cash flow from day one. All major structural and mechanical upgrades have already been completed, offering total peace of mind. Current rents are significantly below market value at $927.47, $874.45, $1,508.57, and $835.38 (all plus hydro). With market rents in the area commanding $1,750 to $1,850 per unit, this property offers an incredible opportunity to systematically transition to full market rates and dramatically increase your ROI.Truly a rare, low-maintenance portfolio addition where the heavy lifting is already done! (id:63626)
Listed by: Robert Rysdale, Broker, RE/MAX NIAGARA REALTY LTD, BROKERAGE

Home facts and features

Price details
List Price
$850,000
Get Pre-Approved
Gross Taxes for 2026
$4,771
Home facts
Bedrooms
8
Full Bathrooms
4
Parking Spaces
7
Parking Details
Garage, Detached Garage
Property Type
Multifamily
Lot Size
40 ft x 143 ft (5728 ft²)
Depth
143.2 feet
Frontage
40.0 feet
Exterior Finish
Brick
Heating Type
Natural gas
Basement Details
Unfinished, Full
Agent details
Primary Agent
Primary Broker
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Listing details
Days on REW
1 Day
MLS® Number
X13806508
Source
Canadian Real Estate Association
Board
Niagara Association of REALTORS®
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Valley Way Public School
  • Public
  • JK - 8
Simcoe Street Public School
  • Public
  • JK - 8
St Patrick Catholic Elementary School
  • Catholic
  • JK - 8
St Mary Catholic Elementary School
  • Catholic
  • JK - 8
ÉÉC Saint-Antoine
  • Catholic
  • JK - 8
É Élém LaMarsh
  • Public
  • JK - 8
Stamford Collegiate
  • Public
  • 9 - 12
Cherrywood Acres Public School
  • Public
  • JK - 8
John Marshall Public School
  • Public
  • JK - 8
Princess Margaret Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Robert Rysdale
Phone:
(905) 650-1797
Cell:
905-650-1797
Office:
905-356-9600
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