Outstanding investment opportunity! Offering two homes on a large lot w/a severable portion and pre-approved drawings for a third home, this property is a dream come true for investors or multi-generational families. The prime location, flexible living arrangements, and development potential make this property an opportunity in today's market. House 1 is a versatile, income-generating powerhouse w/three distinct units, each designed to offer privacy & comfort: Unit 1: 2 beds, 1 bath—ideal for small families or young professionals. Unit 2: 2 beds, 2 baths—perfect for larger families or roommates seeking spacious living. Unit 3: A cozy studio apartment—great for single occupants. Each is self-sufficient w/its own washer & dryer, providing the convenience of in-unit laundry. There’s also the potential to add a fourth unit in the bsmt, further increasing rental income. Two of the units are already tenanted, offering a steady cash flow, while one remains vacant. House 2 is a spacious single-family home that offers 4 bedrooms, 2½ bathrooms—a large, comfortable living space for growing families A potential in-law suite—perfect for multi-generational living or additional rental income This house is currently tenanted, offering immediate income. The flexibility of month-to-month leases across both homes gives you the freedom to adjust rental terms as needed or take advantage of the vacancy for personal use. The severable lot comes complete w/approved drawings for a third home. This allows you to either expand your rental portfolio, develop and sell the additional home, or enjoy the flexibility of a custom-built property to meet your future needs. Nestled in a family-friendly neighborhood, the property is within walking distance of some of Niagara Falls' top schools, making it attractive to families seeking long-term rentals. For entertainment and tourism, you're just minutes from the Casino and Clifton Hill. (id:47423)
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Listed By
RE/MAX NIAGARA REALTY LTD, Brokerage, RIGHT AT HOME REALTY, Brokerage
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
60 x 110 ft
Amenities Nearby
Public Transit
Community Features
Quiet Area
Listing Contract Date
2024-10-07
Location Description
DRUMMOND RD - BARKER STREET
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R1E
Building
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1.5
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Public Transit
Sewer
Municipal sewage system
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