$1,299,000 - 7226 Alex Avenue, Niagara Falls
Multi-Family for Sale in Niagara Falls
35 days on marketNeighbourhood: 217 - Arad/Fallsview
- MLS Number
- X13582700
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 35
- Bedrooms
- 9
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Niagara Falls
- Listing Brokerage
- EXP REALTY
Rare opportunity to own a purpose-built triplex featuring three spacious townhome-style units on one property. Each unit offers 3 bedrooms, 1.5 bathrooms, and a finished basement, providing comfortable and functional living space with excellent tenant appeal. This income-producing property features separately metered hydro, gas, and water for each unit, offering convenience and simplified utility management. The property also includes 4 parking spaces. Currently, two units are tenanted, generating immediate rental income, while one vacant unit provides the flexibility to set market rent or move in yourself. Ideally located just minutes from major highway, The Falls, grocery stores, shopping, restaurants, and other everyday amenities, this property combines convenience with exceptional investment potential. Whether you're looking to expand your investment portfolio or purchase a property with exceptional income potential, this well-maintained triplex offers strong cash flow, flexibility, and long-term value. Some of the property photos has virtual staging.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/mo
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 217 - Arad/Fallsview
217 - Arad/Fallsview 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 217 - Arad/Fallsview
- •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
217 - Arad/Fallsview 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.
7226 Alex Avenue, Niagara Falls
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Rental income estimator & ROI calculator
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 $371/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 35 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 6 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 217 - Arad/Fallsview
I know 217 - Arad/Fallsview 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.