4591 Homewood Avenue
211 - Cherrywood, Niagara Falls, L2E 4X9
FOR SALE
$579,000
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6
BEDROOMS 3
BATHROOMS 3
KITCHENS 12
ROOMS X13771472
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Property Description
INVESTMENT OPPORTUNITY - TWO UNITS VACANT AS OF DECEMBER 1, 2026. This legal non-conforming triplex offers excellent flexibility and income potential, with the rear 1-bedroom unit currently vacant and the main-floor 2-bedroom unit becoming vacant December 1, 2026, allowing a new owner to establish two new tenancies.The main-floor 2-bedroom unit was renovated in 2023, while the lower-level 3-bedroom unit was renovated in 2020 and features large windows with plenty of natural light. The rear unit offers 1 bedroom and 1 bathroom. Additional highlights include an oversized 2-car garage with hydro, two separate hydro meters, a new roof completed in 2023, and an owned hot water tank.With two units available for occupancy as of December, this is a great opportunity for an investor looking to reposition the property and maximize its income potential.
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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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