Live Comfortably for Less - While Building Wealth! Why choose between a beautiful home and a smart investment when you can have both? Welcome to this spacious, legal 2.5-storey triplex, offering a rare opportunity to live affordably in a full 4-bedroom home while generating steady rental income from two fully leased units. Whether you're an investor seeking strong cash flow or a homeowner looking for a lifestyle upgrade with mortgage relief, this property checks every box. Unit 1 - Your Future Home or Premium Owner's Suite. This is not your typical landlord unit. Spread across two and a half sun-filled stores, the main home offers: 4 generous bedrooms, 2 full bathrooms, A bright living and dining space with a charming decorative fireplace, Main floor Den or home office. A large kitchen ideal for hosting or family meals. Second-floor laundry for total convenience. Perfect for families, work-from-home professionals, multi-generational living, or anyone seeking comfort paired with financial freedom. Live here for under $1,600/month with rental income covering the rest! Units 2 & 3 - Reliable Income, Vacant Unit 2 - Basement Apartment, a spacious suite with a separate entrance, updated kitchen, 4-piece bath, and two generous bedrooms. Ideal for long-term rental stability. Unit 3 - Back Unit, A bright 1-bedroom apartment featuring its own kitchen and 3-piece bath - perfect for singles, students, or couples. Both units provide immediate, consistent income and make this property cash-flow positive from day one. Garage, Bonus Space & Expansion Potential. The detached 2.5-car garage (20x23 ft) with hydro adds tremendous value - use it for storage, a workshop, or explore: Conversion into a fourth rental unit. Creating a trendy coach house, adding a secondary dwelling on the existing pad. A rare chance to grow your income even further. Easy operation with onsite superintendent couple.
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
2 1/2 Storey
Total Approx Floor Area:
2000-2500
Lot Depth:
181'55.2 m
Lot Frontage:
40'12.2 m
Direction Faces:
North
Bedrooms:
7
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
7
Kitchens Above Grade:
3
Rooms Above Grade:
20
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Other
Roof:
Asphalt Shingle
Basement:
Apartment
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2.0
Parking Features:
Private, Private Double
Parking Spaces:
5
Total Parking Spaces:
7.0
Family Room:
Yes
Possession Details:
TBA
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$3,758.36 /
2024
Assessment:
$- /
-
Niagara
Niagara Falls
216 - Dorchester
Separate Hydro Meter
Hot water tank
This property is well cared for & investment-ready with: Newer furnace (2023) Central A/C (2018) New roof (2021 )Updated plumbing & wiring, Some newer windows plus all existing appliances & light fixtures. Ideal for investors wanting low maintenance and homeowners wanting long-term comfort.
Furnishings and window coverings that belong to tenants
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
Niagara Falls Houses For Sale, St Catharines Houses For Sale, Welland Houses For Sale, Niagara on the lake Houses For Sale, Thorold Houses For Sale, Fonthill Houses For Sale, Fort Erie Houses For Sale, Lincoln Houses For Sale.