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4933 JEPSON Street
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4933 JEPSON Street $899,900
$899,900
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4933 JEPSON Street
Niagara Falls, Ontario L2E1J9

MLS® Number: 40694944
5
Bedrooms
5
Bathrooms
2314
Square Feet

Listing Description

Legal 5-Unit Multiplex in Prime Niagara Falls Location – Exceptional investment opportunity in the heart of Niagara Falls. This legal five-unit multiplex is fully tenanted with five A+ tenants, offering stable rental income and hassle-free management. All five units are above grade, providing bright and spacious living spaces that attract quality tenants. The property consists of three one-bedroom units, one studio unit, and one two-bedroom unit, catering to a diverse range of renters. Financials have been carefully accounted for, with expenses including a 5% vacancy rate and a 5% maintenance cost, ensuring accurate and realistic projections. Additional revenue is generated from Coinamatic laundry, which is fully equipped and operates on a set schedule for tenants' convenience. This multiplex is fully fire compliant, featuring a steel fire escape for added safety. The building has been professionally managed and well maintained, ensuring smooth operations with minimal expenses. Tenants benefit from inclusive utilities, making this an attractive rental option with strong occupancy rates. Driveway parking is available for tenants with vehicles, adding further convenience and value to the property. Located in a high-demand area, the property is within close proximity to public transit, shopping, dining, entertainment, and major Niagara Falls attractions. With legal status, strong income, low vacancy, and minimal maintenance requirements, this is an outstanding addition to any real estate portfolio. Don’t miss this rare opportunity. (68565310)

Location Description

Victoria Ave to Jepson St

Property Summary

Property Type
Multi-family
Storeys
2.5
Square Footage
2314 sqft
Subdivision Name
212 - Morrison
Title
Freehold
Land Size
0.105 ac|under 1/2 acre
Built in
1920
Annual Property Taxes
$5,063.56
Total Parking Spaces
5
Time on REALTOR.ca
57 days

Building

Bathrooms
Total
5
Interior Features
Basement Type
Full (Unfinished)
Building Features
Features
Paved driveway, Laundry- Coin operated
Foundation Type
Stone
Structures
Shed, Porch
Total Units
5
Heating & Cooling
Cooling
None
Heating Type
Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl siding
Neighbourhood Features
Community Features
Quiet Area, Community Centre, School Bus
Amenities Nearby
Golf Nearby, Hospital, Park, Place of Worship, Playground, Schools
Parking
Total Parking Spaces
5

Measurements

Square Footage
2314 sqft
Above Grade Finished
2314 sqft
Source: Other

Land

Lot Features
Frontage
45 ft
Land Depth
102 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
RES
Data provided by: Cornerstone - Hamilton-Burlington 505 York Boulevard, Hamilton, Ontario L8R 3K4
905-575-7700
905-575-1962
REALTOR® Website
Email
Book showing
RE/MAX Escarpment Golfi Realty Inc.
1 Markland Street
Hamilton, Ontario L8P2J5
905-575-7700
905-575-1962

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Rob Golfi