5145 Rice Crescent

An excellent opportunity in the heart of Niagara Falls' downtown corridor! Just steps to the train station, bus terminal and University of Niagara Falls Canada, this centrally located duplex offers convenient access to transit, professional offices and the American border. Whether you're looking to live in one unit and rent the other or add to your investment portfolio, this location delivers.The main floor features a two-bedroom unit with its own laundry. The tenant has given notice, creating an opportunity for owner occupancy or the chance to set your own rent with a new tenant. The spacious upper unit spans one and a half levels, offering two bedrooms, 1.5 bathrooms and its own laundry. Projected monthly rents of approximately $1,500-$1,600 for the main floor and $1,850-$1,950 for the upper unit offer a combined potential annual rental income of $40,200-$42,600, with tenants paying gas and hydro. The basement has a completely separate entrance and provides excellent storage space. This property could also be used for multigenerational living or a very large family home that would include four bedrooms 2.5 bathrooms. Unique curb appeal, a lovely front porch and two rear parking spaces complement the property's low-maintenance exterior, making this an appealing investment with minimal outdoor upkeep.Two hydro panels, two owned hot water tanks and two furnaces were all installed in 2013. Listing agents are happy to assist with finding tenants prior to closing or having vacant possession. A versatile property with strong income potential in a convenient location!!