$848,888 - 5174 Jepson Street, Niagara Falls
Multi-Family for Sale in Niagara Falls
33 days on marketNeighbourhood: 211 - Cherrywood
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- MLS Number
- X13747810
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 33
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Niagara Falls
- Taxes (2026)
- $2,746
- Listing Brokerage
- CENTURY 21 GREEN REALTY INC.
STUNNING, VACANT & FULLY TURNKEY LEGAL DUPLEX (2026)!Whether you are a savvy investor looking for immediate market rents or a homebuyer looking to live mortgage-free, this professionally converted, permit-approved property is a rare find. Masterfully redesigned from top to bottom, this home offers two completely self-contained, ultra-stylish units spanning the main level, second level, and a finished attic. Each bright, sunlit unit boasts a private entrance, an executive high-gloss kitchen with a massive island, quartz countertops, a designer backsplash, a 900-CFM touchless range hood, and luxury 7mm vinyl flooring. High-end details shine throughout, from the modern feature TV panels to the sun-drenched skylight and luxury full bathrooms. Designed for effortless land lording, the property features separate laundry spaces and independent water controls.No expense was spared on safety and infrastructure. Enjoy total peace of mind with fire-rated ceilings, premium soundproofing between units, an advanced fire-alarm system, illuminated exit signs, new roofing, and a brand-new 200-amp electrical panel with a full ESA certificate. Plumbing, drainage, and HVAC vents have all been fully upgraded. Outside, relax on the brand-new front and rear decks or the second-floor balcony. The massive lot features a deep backyard with a productive apple tree, an EV-charger receptacle, a detached garage, and parking for up to 6 vehicles! UNBEATABLE LOCATION: Walk to the University of Niagara Falls, local schools, shopping, and a nearby park with a public pool. Commuters will love being just 2 minutes from highway access, while tourists and tenants are only a 15-minute stroll from world-famous Niagara Falls attractions. Vacant and ready for immediate possession-set your own rents or move right in!
Estimate your monthly payments for this property
Estimated Payment
$4,355.23/mo
Includes CMHC insurance ($23,684)
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 211 - Cherrywood
211 - Cherrywood 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 211 - Cherrywood
- •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
211 - Cherrywood 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.
5174 Jepson 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 $566/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 33 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Niagara Falls. Good resale value as demand remains consistent.
About 211 - Cherrywood
I know 211 - Cherrywood 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 $3,537 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.