5078-5086 FIFTH Avenue

ActiveNiagara Falls · 211 - Cherrywood4 days on marketMLS® X13806508

$850,000

$340 / sq ft

Bedrooms8

Bathrooms4

Interior2,500 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market4

About this property

Louise apartments. An incredible, purpose-built brick fourplex offering stable immediate returns alongside massive rental upside, ideal for multi-generational families co-buying together or owners looking to live in one unit while offsetting their mortgage! Located in an established neighborhood just one mile from the Niagara University campus, this exceptionally well-maintained building features four spacious 2-bedroom units-each complete with a full bath, full kitchen, living room, private entrance, and private porch or balcony. Fully upgraded for low-maintenance ownership, major capital improvements include a complete electrical rewire with five separate meters, four individual water heaters, an efficient gas boiler approximately eight years old, and a complete roof replacement in 2018 down to the plywood, topped with high-quality metal for lifetime durability. Safety and utility features abound with fire-rated walls, interconnected smoke detectors, a basement fire suppression system, a backflow preventer, a commercial-grade sump pump, and a convenient master key system. The basement houses commercial-grade Whirlpool coin laundry and private storage rooms for each unit, while a detached three-car garage with separate doors provides potential extra storage income. This fully optimized property features long-term, highly reliable tenants providing immediate cash flow from day one. All major structural and mechanical upgrades have already been completed, offering total peace of mind. Current rents are significantly below market value at $927.47, $874.45, $1,508.57, and $835.38 (all plus hydro). With market rents in the area commanding $1,750 to $1,850 per unit, this property offers an incredible opportunity to systematically transition to full market rates and dramatically increase your ROI.Truly a rare, low-maintenance portfolio addition where the heavy lifting is already done!

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13806508
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	2,500 sq ft
Beds / Baths	8 bed · 4 bath
Neighbourhood	211 - Cherrywood
City	Niagara Falls
Postal Code	L2E 4S5
Province	ON
Listed Date	September 19, 2026
Days on Market	4
Price per Sq Ft	$340
Listing Agent	Robert Rysdale, Broker
Agent License	9640782
Brokerage	RE/MAX NIAGARA REALTY LTD, BROKERAGE