Louise apartments. An incredible, purpose-built brick fourplex offering stable immediate returns alongside massive rental upside, ideal for multi-generational families co-buying together or owners looking to live in one unit while offsetting their mortgage! Located in an established neighborhood just one mile from the Niagara University campus, this exceptionally well-maintained building features four spacious 2-bedroom units-each complete with a full bath, full kitchen, living room, private entrance, and private porch or balcony. Fully upgraded for low-maintenance ownership, major capital improvements include a complete electrical rewire with five separate meters, four individual water heaters, an efficient gas boiler approximately eight years old, and a complete roof replacement in 2018 down to the plywood, topped with high-quality metal for lifetime durability. Safety and utility features abound with fire-rated walls, interconnected smoke detectors, a basement fire suppression system, a backflow preventer, a commercial-grade sump pump, and a convenient master key system. The basement houses commercial-grade Whirlpool coin laundry and private storage rooms for each unit, while a detached three-car garage with separate doors provides potential extra storage income. This fully optimized property features long-term, highly reliable tenants providing immediate cash flow from day one. All major structural and mechanical upgrades have already been completed, offering total peace of mind. Current rents are significantly below market value at $927.47, $874.45, $1,508.57, and $835.38 (all plus hydro). With market rents in the area commanding $1,750 to $1,850 per unit, this property offers an incredible opportunity to systematically transition to full market rates and dramatically increase your ROI.Truly a rare, low-maintenance portfolio addition where the heavy lifting is already done!
Address
5078-5086 Fifth Avenue
List Price
$850,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Niagara Falls
Sub-Area
211 - Cherrywood
Region
Niagara
Bedrooms
8
Bedrooms (Total)
8
Rooms Above Grade
16
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Depth
143.2
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
40
Parcel Number
643390081
Occupant Type
Tenant
Cross Street
JEPSON
MLS® Number
X13806508
Listing Brokerage
RE/MAX NIAGARA REALTY LTD, BROKERAGE
Basement Area
Unfinished, Full
Postal Code
L2E 4S5
Posession Details
IMMEADIATE
Parking
Private
Parking Places (Total)
7
Parking Spaces
4
Tax Amount
$4,771.00
Tax Year
2025
Site Influences
Deck, Porch
Exterior Features
Porch, Deck
Interior Features
None
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Niagara Association of REALTORS
Heat Source
Gas
Heat Type
Water
Cooling Features
None
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Concrete Block
Garage
Yes
Garage Type
Detached
Covered Spaces
3
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Metal
Tax Legal Description
lot 23 plan 310
Waterfront
No
Sewer
Sewer
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