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Price Change$649,850

4271 Elgin Street

210 - Downtown, Niagara Falls

$624,850

Detached|2-Storey
3 | 2 | 4
About this home

This house has the charm of a captivating beauty that just needs a touch of polish. The owner put it best saying this home is a pretty girl that just needs a little makeup. Homes like this are rare these days, especially one with such remarkable potential, situated so close to the allure of Niagara Falls and just a stroll away from the Niagara River and its many attractions. A glance down the street reveals the United States, adding to its appeal. It's a perfect fit for someone looking to create a backyard retreat around a stunning inground pool. The home boasts unique features, from its solid construction to its distinctive ceiling designs in the living room, and a striking family room filled with large windows and an impressive wood-burning fireplace. The upper level offers the flexibility to be transformed into two or three bedrooms with additional loft space, complemented by a spacious bathroom featuring a jacuzzi tub and body jet shower. This property is an ideal candidate for a VRBO or AirBNB opportunity for the right owner, though it's important for buyers to do their homework regarding licensing. The long-term owner is unable to maintain the size of the home anymore, making it a great chance for a new family or investor to add their own flair and enjoy a potentially wonderful home for years ahead. A detached two-car garage presents a bonus for those who enjoy working on vehicles. This unique opportunity awaits someone who is ready to embrace the potential of this special home in an incredible location near one of the world's natural wonders.

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Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$4,234
Lot Size60 ft x 117 ft
mls© NumberX13526352
Listed ByROYAL LEPAGE NRC REALTY

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%
$3,198
Property tax
$353
Heat allowance
$150
Housing costs
$3,701 / mo

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

Down payment20% · $124,970
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,629 / mo
Cash down
$124,970

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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