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Listed 3 months ago

4208 Terrace Avenue

210 - Downtown, Niagara Falls

$459,900

Detached|2-Storey
3 | 2 | 3
About this home

Prime Niagara Falls investment and redevelopment opportunity! Located just steps from the Niagara River and Great Wolf Lodge, this updated two storey home offers exceptional flexibility for investors, end-users, and developers alike. Featuring approximately 1,410 sq. ft. of living space, 3 bedrooms, 2 bathrooms, a partially finished basement, detached garage, and fenced yard, the property has been well maintained and is ready for immediate occupancy or leasing. Its desirable location near Niagara's tourism district, casinos, downtown core, Rainbow Bridge, public transit, and major transportation routes makes it an attractive option for both tenants and future owners.Beyond its immediate income and lifestyle potential, this property also presents a unique long-term opportunity. The neighboring property at 4115 May Avenue is available for purchase separately, creating the possibility of a larger land assembly for future redevelopment. Buyers looking to secure a strategic position in one of Niagara Falls' most dynamic growth areas will appreciate the added flexibility and upside potential. Whether you're seeking a turnkey investment, a future rental property, or a site with development possibilities, 4208 Terrace Avenue offers exceptional value in a highly desirable location. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, and future development opportunities.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$2,273
Lot Size50 ft x 65 ft
mls© NumberX13500956
Listed ByHomeLife Power Realty Inc

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%
$2,354
Property tax
$189
Heat allowance
$150
Housing costs
$2,693 / mo

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

Down payment20% · $91,980
25-yr amortization

Income needed

$83,000

gross annual household income

Payment at 4%
$1,935 / mo
Cash down
$91,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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