3937 Main St
223 - Chippawa, Niagara Falls, L2G 6B7
FOR SALE
$565,000
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Property Description
Incredible Investment Opportunity in Chippawa! This money-making triplex is perfectly located just one block from the scenic Welland River. Featuring three well-maintained 1-bedroom units, all 2/ 3 units are tenanted with reliable, long-term month to month tenants. The property includes separate hydro meters with 100-amp breaker panels, separate gas meters for each unit, and recent updates to both front and rear bathrooms. The fenced rear yard offers privacy, and there's convenient parking for up to three cars. Main floor back tenant $750, Main floor front $900, Upper unit is vacant. Don't miss out on this prime investment opportunity! Front Furnace 1 year new, upper unit water heater tank is new and owned, sump pump is new approx 1 year
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Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
30' x 88'
Fronting
West
Taxes
$2,563 (2024)
Basement
Half
Exterior
Vinyl Siding
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.62' x 8.17' | |
| Dining | Main | 13.62' x 8.17' | |
| Kitchen | Main | 8.10' x 10.27' | |
| Bathroom | Main | 7.38' x 5.97' | 3 Pc Bath |
| Br | Main | 13.62' x 8.27' | Window, Closet |
| Dining | Upper | 11.55' x 12.11' | Combined W/Kitchen, Laminate |
| Living | Upper | 9.45' x 9.28' | Window, Laminate |
| Bathroom | Upper | 11.32' x 4.99' | Window, 3 Pc Bath |
| Br | Upper | 9.45' x 8.07' | Closet, Laminate, Window |
| Living | Main | 9.45' x 8.07' | O/Looks Backyard, W/O To Deck |
| Dining | Main | 11.55' x 12.11' | Combined W/Kitchen |
| Bathroom | Main | 11.32' x 4.99' | 3 Pc Bath |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
3937 Main St is a 3-bedroom 3-bathroom home listed for sale at $565,000, which is $2,617 (0.5%) higher than the average sold price of $562,383 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Niagara Falls declined by $32,132 (5.4%) compared to the previous 30 day period (December 22 - January 20) and up $22,328 (4.1%) from the same time one year ago.Inventory Change
There were 84 3-bedroom homes listed in Niagara Falls over the last 30 days (January 21 - February 19), which is down 3.4% compared with the previous 30 day period (December 22 - January 20) and up 64.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara Falls typically sold ($15,213) (2.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $2,532 decrease compared to the previous 30 day period (December 22 - January 20) and ($22,911) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Niagara Falls over the last 30 days (January 21 - February 19) stood at 35.7%, down from 36.8% over the previous 30 days (December 22 - January 20) and down from 52.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Niagara Falls stood at 47 days when successfully sold over the last 30 days (January 21 - February 19), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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