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Renanza Realty
For sale

4591 HOMEWOOD AVENUE

Niagara Falls (Cherrywood), Ontario

MLS® X13220090

$598,888

Status
Active
Property type
Multi-family
MLS® number
X13220090
Bedrooms
6
Bathrooms
3
Year built

Listing description

This legal non-conforming triplex, located in a desirable family-friendly neighbourhood, offers exceptional flexibility and income potential for investors, first-time buyers, and multigenerational families alike. Whether you're looking to generate steady rental income, offset your mortgage by living in one unit while renting the others, or create an affordable setup for extended family living, this property delivers a range of possibilities. The main floor apartment, renovated in 2023, features 2 spacious bedrooms and 1 full bathroom with modern updates throughout.

The lower-level unit, renovated in 2020, offers 3 bedrooms and 1 bathroom, enhanced by large windows that provide an abundance of natural light. The rear 1-bedroom, 1-bathroom apartment is currently vacant and ready for your personal touch, making it ideal for additional rental income, an in-law suite, or private guest accommodations. Adding even more value is the oversized 2-car garage with hydro, perfect for storage, a workshop, or additional utility space and 2 separate hydro metres.

Major updates include a new roof completed in 2023, and hot water tank is owned offering added peace of mind for years to come.

Property summary

MLS® number
X13220090
Property type
Multi-family
Building type
Triplex
Land size
40 x 130 FT
Annual property taxes
$3,820.00
Parking
7 spaces · Detached Garage, Garage
Days on market
86 days

Features & details

Heating
Forced air, Natural gas
Cooling
None
Basement
Finished, Separate entrance, N/A, N/A
Appliances
Water Heater
Exterior features
Aluminum siding
Architectural style
Raised bungalow

What would this home cost you?

Based on the $598,888 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,787 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of REVEL Realty Inc., Brokerage, Niagara Falls.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.