4769 Mcdougall Cres
Niagara Falls, L2E 1B8
FOR SALE
$699,999
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5
BEDROOMS3
BATHROOMS3
KITCHENS11
ROOMSX9399426
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Property Description
Legal Triplex featuring three apartments: two two-bedroom units on the first and second floors, and a renovated one-bedroom apartment across the third floor and part of the second floor, complete with kitchen and bath. Fully occupied with two leases and one month-to-month agreement, generating a total monthly income of $3,500. The first-floor unit is vacant and ready to move in, the second floor at $1,200/month plus hydro, and the third floor at $1,000/month plus hydro. Additionally, the basement provides storage space. Offering an excellent investment opportunity for discerning investors seeking steady rental income.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-19 | 2024-10-10 | 83 | $699,999 | - | Expired |
| 2024-05-10 | 2024-07-08 | 60 | $699,999 | - | Expired |
| 2023-12-07 | 2024-03-06 | 90 | $699,999 | - | Expired |
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Lot Size
49' x 100'
Acreage
< .50
Fronting
South
Taxes
$3,416 (2023)
Basement
Unfinished
Exterior
Concrete, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Niagara Falls Market Statistics
Niagara Falls Price Trend
4769 Mcdougall Cres is a 5-bedroom 3-bathroom home listed for sale at $699,999, which is $145,938 (17.3%) lower than the average sold price of $845,937 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 5 bedroom home in Niagara Falls increased by $38,437 (4.8%) compared to the previous 30 day period (September 15 - October 14) and down $87,088 (9.3%) from the same time one year ago.Inventory Change
There were 4 5-bedroom homes listed in Niagara Falls over the last 30 days (October 15 - November 13), which is down 20.0% compared with the previous 30 day period (September 15 - October 14) and down 42.9% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Niagara Falls typically sold ($9,704) (1.1%) below asking price over the last 30 days (October 15 - November 13), which represents a $57,696 increase compared to the previous 30 day period (September 15 - October 14) and ($4,950) less 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 5-bedroom homes in Niagara Falls over the last 30 days (October 15 - November 13) stood at 400.0%, up from 120.0% over the previous 30 days (September 15 - October 14) and up from 28.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Niagara Falls stood at 27 days when successfully sold over the last 30 days (October 15 - November 13), compared to 81 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Community Realty Inc.
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