






7520 Splendour Drive N
222 - Brown, Niagara Falls
$999,999
Multigenerational Home & Investment OpportunityThis versatile property functions as three self-contained units, each with its own kitchen, laundry, and private entrance-ideal for extended families seeking privacy under one roof, with the flexibility to be used as a single-family home. The layout offers a 1-bedroom unit on the main floor, a 2-bedroom unit on the upper level, and a 1-bedroom unit in the basement.With a potential rental income of $5,700 per month, the property covers most of the mortgage, and income from just two units can offset the full payment-an excellent opportunity for first-time and experienced investors alike. Located in one of the area's strongest rental markets, it offers convenient access to shopping, schools, movie theaters, Walmart, and major highways, ensuring steady tenant demand.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | New |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,800 |
| Lot Size | 33.9 ft x 103 ft |
| mls© Number | X13745230 |
| Listed By | SERIK 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%
- $5,118
- Property tax
- $567
- Heat allowance
- $150
- Housing costs
- $5,835 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$180,000
gross annual household income
- Payment at 4%
- $4,208 / mo
- Cash down
- $200,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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