Property Information:

Discover your new home in Chippawa-an ideal investment opportunity awaits! Nestled in a charming community, this beautifully renovated duplex is just a short stroll from the serene river and a quick 5-minute drive to the breathtaking Niagara Falls. This property is perfect for both first-time buyers and savvy investors, offering the chance to live in one unit while generating rental income from the other, effectively supplementing your mortgage. If you are an investor, the tenants are both amazing, would love to stay and can show a 5.5% cap rate. The main floor unit boasts 2 large bedrooms, a 4-piece bath, a spacious kitchen, and a bright living room with a sunroom filled with natural light. The upper-level unit features 3 bedrooms, a separate entrance, a 4-piece bath, and a living room that seamlessly transitions into the kitchen and dining area, complete with a walkout balcony perfect for sipping your morning coffee. Enjoy a beautiful partially fenced lot with a detached double car garage and driveway space for at least 6 vehicles. Shared laundry in the basement is accessible to both units, along with two separate storage areas that can be included in leases if desired. The home underwent extensive renovations in 2012/2013, including new flooring, kitchens, baths, wiring, plumbing, windows, a boiler, hot water tank, and roof-ensuring peace of mind for years to come. Both tenants are eager to stay and have proven to be exceptional to work with, currently on monthly tenancies. Don't miss this rare opportunity to own a property that offers both comfort and income potential in an exceptional location. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 2136 sqft
Heating Type: Radiant heat
Cooling Type: None
Appliances: Dryer, Washer

Property Features:

Property Type: Multi-family
Bedrooms: 5
Bathrooms: 2
Amenities Nearby: Highway, Public Transit
Floor Space (approx): 2136 Square Feet
Irregular: Yes
Lot Depth: 135 Feet
Lot Frontage: 60 Feet
Lot Size: Bldg=60 x 135 FT
Zoning: R1C
No. of Parking Spaces: 6

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

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Demographic Information of 3536 BOND STREET, Niagara Falls (Chippawa), Ontario, L2G 6H8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$87,250.06

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.93 %

High school certificate or equivalent

36.47 %

Apprenticeship trade certificate/diploma

8.61 %

College/non-university certificate

21.76 %

University Degree

12.23 %

Commuter

Travel To Work

By Car

82.02 %

By Public Transit

0.25 %

By Walking

9.9 %

By Bicycle

0.0 %

By Other Methods

7.83 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

19.89 %

Houses

80.11 %

3536 BOND STREET, Niagara Falls (Chippawa), Ontario, L2G 6H8