Property Information:

Attention investors and large families! This fully renovated 2.5 storey income property is located on a spacious corner lot just a short walk from Niagara Falls, Clifton Hill, and the vibrant tourist corridor, offering exceptional rental demand and strong cash flow. With 9 total bedrooms, 2 bathrooms, two full kitchens, and several additional versatile rooms, this property is an outstanding turnkey opportunity with a proven income stream. One unit is currently rented for $3000 monthly, while the second was previously rented for $2950 plus parking, offering potential for over a 6 percent cap rate. Extensively updated, the home features new furnace and A/C, updated electrical, new plumbing, new siding, new roof, and completely renovated kitchens with new flooring and modern appliances, including dedicated laundry for each unit. All bathrooms have been refreshed, including a fully remodeled basement bathroom. Outside, enjoy a new pool liner and filter, an oversized deck for entertaining, ample parking, and a two-car garage. Ideally positioned near schools, highway access, shopping, and the city’s top attractions, this property suits investors seeking a high performing rental or student housing option with minimal effort required. A rare chance to secure a large, modernized property in one of Niagara’s strongest rental areas. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Brick, Vinyl siding
Floor Space: 2500 sqft
Foundation Type: Block
Heating Type: Forced air
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 7+2
Bathrooms: 3
Access Type: Road access, Highway access
Amenities Nearby: Hospital, Public Transit, Schools
Community Features: School Bus
Floor Space (approx): 2500 Square Feet
Lot Depth: 100 Feet
Lot Frontage: 35 Feet
Zoning: R1
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 6

Rooms:

Bathroom 2nd Level Measurements not available
Other 2nd Level 19'4'' x 9'5''
Bedroom 2nd Level 10'1'' x 7'1''
Bedroom 2nd Level 8'4'' x 9'6''
Bedroom 2nd Level 12'2'' x 8'10''
Bathroom Basement Level Measurements not available
Den Basement Level 13'2'' x 11'2''
Bedroom Basement Level 11'4'' x 10'2''
Bedroom Basement Level 11'4'' x 10'2''
Bathroom Main Level Measurements not available
Bedroom Main Level 10'0'' x 11'8''
Bedroom Main Level 13'5'' x 8'1''
Bedroom Main Level 12'2'' x 7'3''
Bedroom Main Level 18'2'' x 13'5''

Courtesy of: RE/MAX Escarpment Golfi Realty Inc.

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Demographic Information of 4743 RYERSON Crescent, Niagara Falls, Ontario, L2E 1E6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$73,489.89

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.84 %

High school certificate or equivalent

38.43 %

Apprenticeship trade certificate/diploma

6.94 %

College/non-university certificate

20.38 %

University certificate (below bachelor)

0.84 %

University Degree

12.57 %

Commuter

Travel To Work

By Car

90.47 %

By Public Transit

0.08 %

By Walking

4.69 %

By Bicycle

0.0 %

By Other Methods

4.76 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.24 %

Houses

58.76 %

4743 RYERSON Crescent, Niagara Falls, Ontario, L2E 1E6