4743 Ryerson Crescent Niagara Falls, Ontario L2E 1E6

$839,000

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:19593)

Property Details

MLS® Number	40819387
Property Type	Multi-family
Amenities Near By	Hospital, Public Transit, Schools
Community Features	School Bus
Parking Space Total	6

Building

Basement Development	Finished
Basement Type	Full (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Heating Type	Forced Air
Stories Total	3
Size Interior	2,500 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

Detached Garage

Land

Access Type	Road Access, Highway Access
Acreage	No
Land Amenities	Hospital, Public Transit, Schools
Sewer	Municipal Sewage System
Size Depth	100 Ft
Size Frontage	35 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	R2

https://www.realtor.ca/real-estate/29582238/4743-ryerson-crescent-niagara-falls