$1,249,999 FOR SALE

Triplex

Bedrooms: 4Bathrooms: 3Lot: 60 x 110 ft

6437 - 6423 Barker Street
Niagara Falls, ON L2G 1Y6

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
Data Provided By Niagara Association of REALTORS®
MLS® Listing Number 40654526
Last Updated Oct 09, 2024
Property Summary
Property Type Triplex

More like this:
Subdivision 216 - Dorchester
Price History
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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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