$579,000
Est. payment $2,564/moCalculate yours
4591 Homewood Avenue, Niagara Falls, ON L2E 4X9
211 - Cherrywood, Niagara Falls, ON L2E 4X9
- 6 Beds
- 3 Baths
- 2 Garage
- 1,100 Sq Ft
Listing courtesy of REVEL Realty Inc., Brokerage MLS® X13771472
About this home
INVESTMENT OPPORTUNITY - TWO UNITS VACANT AS OF DECEMBER 1, 2026. This legal non-conforming triplex offers excellent flexibility and income potential, with the rear 1-bedroom unit currently vacant and the main-floor 2-bedroom unit becoming vacant December 1, 2026, allowing a new owner to establish two new tenancies.The main-floor 2-bedroom unit was renovated in 2023, while the lower-level 3-bedroom unit was renovated in 2020 and features large windows with plenty of natural light. The rear unit offers 1 bedroom and 1 bathroom. Additional highlights include an oversized 2-car garage with hydro, two separate hydro meters, a new roof completed in 2023, and an owned hot water tank.With two units available for occupancy as of December, this is a great opportunity for an investor looking to reposition the property and maximize its income potential.
Property details
Overview
- Property Type
- Triplex
- Style
- Bungalow-Raised
- For
- For Sale
- Status
- New
- Size
- 1,100 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Finished, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Aluminum Siding
- Foundation
- Concrete Block
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 40 x 130 Feet
- Parking
- Detached garage · 7 total
Financial
- Property Taxes
- $3,820 (2025)
Location
- Neighbourhood
- 211 - Cherrywood
- Cross Street
- Morrison and Homewood
- Direction Faces
- East
Listing
- MLS® Number
- X13771472
- Days on Market
- 37
- Listed On
- 2026-09-11
- Possession
- Immediate
- Listed By
- REVEL Realty Inc., Brokerage
Features
Interior
- Separate Hydro Meter
- Water Heater Owned
Pool
- None
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$2,564 per month
- Principal and interest
- $2,564
- Property tax
- $318
- Condo fees
- $0
- Estimated monthly cost
- $2,882
Your mortgage
- Mortgage amount
- $463,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $305,906
Cash to close
- Down payment
- $115,800
- Land transfer tax
- $8,055
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $123,855
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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