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Listed 5 months ago

5448 Hamilton Street

210 - Downtown, Niagara Falls

$1,049,000

Detached|2 1/2 Storey
6 | 4 | 8
About this home

Fully renovated 4-UNIT residential building featuring a detached double-car garage and ample on-site parking. An excellent opportunity to enhance your real estate investment portfolio, 5448 Hamilton Street offers approximately 2,894 square feet of finished living space, comprising two 2-bedroom units and two 1-bedroom units, all updated with modern interior finishes .Significant capital improvements were completed in 2022, including the furnace, air conditioning, hot water tank, roof, and full electrical system upgrade. The property also features coin-operated laundry for additional income. Each unit is self-contained with separate hydro meters and individual electrical panels, ensuring convenience and cost efficiency for both owner and tenants. The property generates a strong annual rental income of $85,200 (as of 2025) and is fully tenanted with high-quality occupants willing to remain long term. Ideally located close to grocery stores, banking, parks, QEW access, and the Niagara Falls tourist district, this turnkey investment offers both stability and growth potential.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$3,624
Lot Size76 ft x 110 ft
mls© NumberX13020920
Listed ByOLYMPIA REALTY INCORPORATED

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,369
Property tax
$302
Heat allowance
$150
Housing costs
$5,821 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $209,800
25-yr amortization

Income needed

$179,000

gross annual household income

Payment at 4%
$4,414 / mo
Cash down
$209,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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