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Listed 12 days ago

4424 Ellis Street

210 - Downtown, Niagara Falls

$529,900

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

Whether you're a seasoned investor scouting your next cash-flowing asset or a smart buyer looking to live in one unit while the neighbour helps pay your mortgage, this proeprty is the kind of property that just makes financial sense. Spanning roughly 1,800 sq. ft. of above-grade living space, this full duplex is smart, flexible real estate at its finest. Configured into two light-filled 2-bedroom, 1-bathroom layouts, it pulls in approx. $3,500/month in gross rental income ($1,800/mo + utilities on the lower level, and $1,700/mo + hydro upstairs). Both units feature open-concept living spaces, classic 4-piece baths, and separate electrical meters-giving you a clean operational setup with zero headache. Beyond the numbers, the location does the heavy lifting. Tucked into a central, incredibly walkable pocket of Niagara Falls, your tenants (or you!) are just steps from daily transit routes, local coffee shops, groceries, and neighbourhood dining. You're also only minutes from the world-famous tourist district, Clifton Hill, and the WEGO transit network-making this a magnet for local service-industry professionals who want a fast, effortless commute. Plus, quick access to the QEW and the downtown core means you're perfectly plugged into the region's broader economic growth. Solid income today, endless flexibility tomorrow, and a location tenants actually want to stay in.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,604
Lot Size33.3 ft x 150 ft
mls© NumberX13755356
Listed ByREAL BROKER ONTARIO LTD.

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%
$2,712
Property tax
$300
Heat allowance
$150
Housing costs
$3,163 / mo

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

Down payment20% · $105,980
25-yr amortization

Income needed

$97,000

gross annual household income

Payment at 4%
$2,230 / mo
Cash down
$105,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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