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Listed 11 days ago

5359 Kitchener Street

214 - Clifton Hill, Niagara Falls

$849,000

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

An exceptional opportunity to own a beautifully renovated property in one of Niagara Falls' most vibrant and PRIME Tourist Locations. Situated on a 50 x 100 ft lot and offering approximately 2,368 sq. ft. of living space, this fully upgraded residence features a functional multi-unit setup with a kitchen and full washroom on each level, upgraded 200-amp electrical service, and a professionally waterproofed basement with sump pump, complete with 2 bedrooms, a kitchen, and a full washroom. Currently operating successfully as a large VRU/Airbnb accommodation with verifiable income. Zoned Tourist Commercial (TC), the property permits a wide range of residential and commercial uses including short term rentals (VRU's), long-term rentals, bed & breakfast, hotel/motel, retail, restaurant, office, and medical services. Ideally located minutes from Niagara Falls, the entertainment district, Niagara River, U.S. border, and the University of Niagara Falls, this rare turnkey property offers exceptional versatility, strong verifiable cash flow, and outstanding long-term investment potential in a thriving tourism market.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$2,536
Lot Size50 ft x 100 ft
mls© NumberX13883568
Listed ByCENTURY 21 PEOPLE`S CHOICE REALTY INC.

Listing History

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  • 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%
$4,346
Property tax
$211
Heat allowance
$150
Housing costs
$4,707 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

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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