$1,790,000

Investment For Sale In Elgin, Niagara Falls, Ontario

$1,790,000

Property Information:

Own a Rare Piece of Niagara's History - Endless Possibilities Await!Step into a truly one-of-a-kind estate where timeless elegance meets modern convenience. Legal 5-plex, this extraordinary property is currently configured as a spacious single-family home, and can be effortlessly returned back to a 5-plex income producer. It also presents an amazing bed & breakfast opportunity, especially with the impressive Viking pool. A rare luxury that sets this property apart. Boasting over 4,000 sq. ft. of living space, the home features remarkable architectural character, including 12' ceilings, original hardwood floors, solid 8' doors, intricate cove moulding, detailed plaster trim, a grand staircase, and a stunning solid marble fireplace mantel. Located just minutes from Niagara Falls' premier entertainment district, this property also offers dual street access, a rare advantage in Niagara plus ample parking. Additional highlights include: Empty apartments, allowing the new owner to set market rents. Development opportunities at the rear of the property. You can build 3 homes or possibly 5 towns. Ideal for a home-based business: perfect for a salon, daycare, accounting office, law office, or other professional use. If geared toward students, the layout offers numerous rooms, maximizing income potential. Revenue potential of up to $10,000 per month, depending on use and configuration. Over the past 26 years, nearly every major system has been updated, including: High-efficiency furnace & AC, newer windows and exterior doors, a 200-amp electrical panel, rebuilt back porch, updated fencing, and more (see the full upgrade sheet for details). Whether you're seeking a distinctive residence, a high-yield investment property, or a boutique hospitality venture, this rare gem delivers unmatched versatility, historic charm, and modern reliability. Envision the possibilities! (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Floor Space: 4128 sqft
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 5
  • Amenities Nearby: Hospital, Park, Public Transit, Schools
  • Built in: 1850
  • Community Features: School Bus
  • Features: Paved driveway
  • Floor Space (approx): 4128 Square Feet
  • Lot Depth: 220 Feet
  • Lot Frontage: 96 Feet
  • Pool Type: Inground pool
  • Zoning: R2
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 10

Courtesy of: RE/MAX Niagara Realty Ltd.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

  • View of front of home with a chimney, a front lawn, a shingled roof, and driveway -
  • View of front of home with a chimney, a front lawn, and asphalt driveway -
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  • Property entrance -
  • View of side of property with a chimney, a yard, and asphalt driveway -
  • Multi unit property with stairs, roof with shingles, and a balcony -
  • Property back entrance -
  • Wooden deck with stairway -
  • wooden deck -
  • Living area with a chandelier, light wood-style floors, a fireplace, and crown molding -
  • Living area featuring a chandelier, ornamental molding, and light wood-style flooring -
  • Detailed view of a chandelier, wood finished floors, and a premium fireplace -
  • Dining area with light wood-style floors -
  • Kitchen featuring white dishwasher, white cabinets, light wood-style flooring, decorative backsplash, and freestanding refrigerator -
  • Kitchen with dishwasher, black range with gas cooktop, dark countertops, light wood-style flooring, and tasteful backsplash -
  • Foyer entrance featuring light wood-type flooring and ornamental molding -
  • Staircase featuring carpet flooring and baseboards -
  • Hall featuring carpet flooring and an upstairs landing -
  • Bedroom with carpet floors -
  • Workout area featuring carpet floors and a ceiling fan -
  • Home office with healthy amount of natural light and carpet flooring -
  • Full bathroom featuring toilet and tile patterned flooring -
  • Bedroom featuring a textured ceiling, carpet flooring, a ceiling fan, and connected bathroom -
  • Carpeted bedroom featuring a textured ceiling and ceiling fan -
  • Carpeted bedroom featuring baseboards -
  • Kitchen featuring light countertops, white cabinetry, and dark wood-style flooring -
  • Full bathroom featuring a wainscoted wall, a soaking tub, and crown molding -
  • Bonus room with wood finished floors, built in features, vaulted ceiling, and a ceiling fan -
  • Bonus room featuring light wood finished floors and vaulted ceiling -
  • Full bathroom featuring vaulted ceiling, a bath, vanity, tile patterned flooring, and tiled shower -
  • Office area featuring crown molding and wood finished floors -
  • Kitchen featuring white appliances, dark countertops, plenty of natural light, and a chandelier -
  • Full bath featuring tile patterned floors, decorative backsplash, and shower / washtub combination -
  • Living area with plenty of natural light, hardwood / wood-style floors, ceiling fan, and ornamental molding -
  • Living area featuring healthy amount of natural light, hardwood / wood-style floors, ceiling fan, and ornamental molding -
  • Living area featuring a ceiling fan, coffered ceiling, wood finished floors, and crown molding -
  • View of swimming pool with a patio area and a fenced backyard -
  • Back of property featuring a storage shed, a patio area, roof with shingles, and a fenced backyard -
  • Rear view of house featuring a balcony, a shed, a patio area, and a fenced backyard -
  • Rear view of house featuring a patio, a storage shed, a shingled roof, and a balcony -
  • Aerial perspective of suburban area -
  • Wooden terrace with stairway -
  • View of balcony -
  • View of front of home with stairway, a shingled roof, a chimney, a metal roof, and a deck -
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