$749,888 - 4417 ELLIS Street, Niagara Falls
Multi-Family for Sale in Niagara Falls
Neighbourhood: 210 - Downtown
- MLS Number
- X13440300
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 25
- Bedrooms
- 9
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Discover a Rare Gem in the Heart of Niagara Falls! Step into this fully renovated 3-unit duplex offering unparalleled versatility and income potential in one of Canada's most iconic tourist destinations. Boasting 9 bedrooms across three self-contained units-a spacious 4-bedroom, comfortable 3-bedroom, and 2-bedroom basement suite-each with its own private entrance, separate hydro meters, and full bathroom, this property delivers maximum flexibility for savvy investors, multi-generational families, or owner-occupiers. Perfectly positioned, enjoys a prime Niagara Falls location: steps from the University of Niagara Falls Canada, walking distance to the Niagara Falls GO Station, and moments from the world-famous Clifton Hill entertainment district, major attractions, dining, the US border, and all the excitement Niagara has to offer, ensuring constant demand from students, tourists, and long-term residents for strong rental performance year-round. Endless Investment & Lifestyle Opportunities include cash-flowing investment with three separate units and individual meters for low expenses and easy management generating substantial rental income, Airbnb/Bed & Breakfast Potential to capitalize on Niagara's tourism boom with lucrative short-term rentals near the Falls and entertainment hubs, Owner-Occupied Strategy to live in the 4-bedroom while leasing the others for mortgage assistance, Multi-Family Haven ideal for extended families with privacy in fully equipped units, and Student Housing Goldmine perfect for high-occupancy rentals near the University. With nine bedrooms and flexible layout, income potential is exceptional similar to strong-performing multi-unit buildings in the area. Rarely does a property combine this renovation quality, income versatility, and unbeatable location. Whether seeking a high-yield investment, family compound, or hospitality venture, it delivers Niagara charm with modern convenience and limitless upside. Don't miss out!
Estimate your monthly payments for this property
Estimated Payment
$3,847.31/mo
Includes CMHC insurance ($20,922)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover 210 - Downtown
210 - Downtown is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in 210 - Downtown
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
210 - Downtown offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
4417 ELLIS Street, Niagara Falls
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $300/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 9 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Niagara Falls.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About 210 - Downtown
I know 210 - Downtown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Niagara Falls properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,125 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.