4591 Homewood Avenue
211 - Cherrywood, Niagara Falls, L2E 4X9
FOR SALE
$598,888
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6
BEDROOMS3
BATHROOMS3
KITCHENS12
ROOMSX13220090
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Property Description
This legal non-conforming triplex, located in a desirable family-friendly neighbourhood, offers exceptional flexibility and income potential for investors, first-time buyers, and multigenerational families alike. Whether you're looking to generate steady rental income, offset your mortgage by living in one unit while renting the others, or create an affordable setup for extended family living, this property delivers a range of possibilities.The main floor apartment, renovated in 2023, features 2 spacious bedrooms and 1 full bathroom with modern updates throughout. The lower-level unit, renovated in 2020, offers 3 bedrooms and 1 bathroom, enhanced by large windows that provide an abundance of natural light. The rear 1-bedroom, 1-bathroom apartment is currently vacant and ready for your personal touch, making it ideal for additional rental income, an in-law suite, or private guest accommodations.Adding even more value is the oversized 2-car garage with hydro, perfect for storage, a workshop, or additional utility space and 2 separate hydro metres. Major updates include a new roof completed in 2023, and hot water tank is owned offering added peace of mind for years to come.
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Property Features
Separate Hydro Meter, Water Heater Owned, Private
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Property Details
Address
4591 Homewood Avenue
Community
City
Postal Code
L2E 4X9
Property Type
Triplex, Triplex
Lot Size
40' x 130'
Taxes
$3,820 (2025
Basement
Finished, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
Detached
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Listing contracted with Revel Realty Inc., Brokerage
Great Investment Opportunity! Welcome to 4865 Armoury St. This vacant 3 unit home has great earning potential with one 3 bedroom and two spacious 1 bedroom apartments, allowing you to set your own rent! It also has basement finishing potential with a separate basement entrance. Within minutes to The Falls and the tourist area, schools, shops, restaurants and much more! Tons of character with bright new windows (2021) & beautiful floors (2021)New Roof (2019), Basement Waterproofing (2017). Spacious first floor unit with very large concrete porch for tenants. The second floor unit consists of a very spacious 1 BR and includes a large balcony. Walking up to the 3rd unit you will be met with another 1 bedroom loft style apartment. Huge private backyard as well as parking for 3+. With a little bit of work this property could bring great returns!
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