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Listed 18 days ago

6520 Barker Street

216 - Dorchester, Niagara Falls

$449,900

Detached|2-Storey
5 | 2 | 4
About this home

A smart opportunity in a sought-after Niagara Falls neighbourhood! This detached legal duplex offers two spacious, self-contained 2-bedroom units, separate entrances, designated parking and two separate hydro meters. Best of all, both units are vacant, giving the new owner the flexibility to set their own rents, choose their tenants, or move into one unit and rent the other.The main-floor unit offers a spacious and comfortable layout with 3 bedrooms, a large kitchen and a full 4-piece bathroom. Its private entrance and designated parking create a true sense of independence for the unit.Upstairs, the second unit is another nicely laid-out 2-bedroom apartment complete with its own 4-piece bathroom, separate entrance and designated parking. With two similarly sized units, this property lends itself beautifully to a traditional duplex investment or an owner-occupied setup.The basement is accessed separately from the rear of the home, making it ideal for common laundry facilities, additional storage or workshop space without requiring access through either apartment. Outside, the property sits on a large lot with plenty of parking, including designated spaces for each unit.Located in a sought-after residential neighbourhood in central Niagara Falls, this property is within walking distance of everyday amenities including groceries, shopping, schools and public transportation. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while renting the other, this is a versatile property with plenty of possibilities. Both units should get approximately $1800 plus hydro. Listing agents are able to help provide tenants prior to closing.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$3,492
Lot Size53.4 ft x 153.5 ft
mls© NumberX13855478
Listed ByRE/MAX NIAGARA REALTY LTD, BROKERAGE

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%
$2,303
Property tax
$291
Heat allowance
$150
Housing costs
$2,744 / mo

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

Down payment20% · $89,980
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,893 / mo
Cash down
$89,980

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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