4394 ELLIS Street, Niagara Falls, ON L2E 1H4
Downtown · L2E 1H4
$599,900
$223 / sq ft2 months on market
- Bedrooms
- 5
- Total area
- 2,693 sf
- Lot
- 50 × 90 ft
About this property
If you are looking to scale your portfolio with a highly efficient, hands-off asset, this prime four-unit building in Niagara Falls is engineered for immediate performance. Perfectly positioned within walking distance to Downtown, local parks, and premier amenities, the property is situated exactly where high-quality tenants want to be. Comprising one spacious two-bedroom and three one-bedroom units, the building offers a versatile and highly rentable mix tailored to the local market.This investment perfectly balances immediate cash flow with an effortless value-add play: three of the units are already fully renovated and tenant-ready, leaving just one remaining unit as a clean slate for you to finish, customize, and set your own premium market rent. Designed for low-touch, highly profitable management, the building is fully split-metered so tenants pay their own gas and hydro directly, shielding your bottom line from utility fluctuations. With a newer roof minimizing near-term capital expenditures and coin-operated laundry in the large lower level providing an effortless secondary income stream, this is a rare, straightforward buy-and-hold opportunity. Secure this high-upside, cash-flowing piece of Niagara's growth before the market reacts.
Property details
Property
- Property type
- investment
- Bedrooms
- 5
- Interior size
- 2,693 sq ft
- Lot size
- 50 × 90 ft
- Zoning
- R2
- Possession
- Immediate
Interior
- Heating
- Baseboard · Gas
- Cooling
- No
Costs
- List price
- $599,900
- Property taxes
- $4,777 / year (2025)
- Price per sq ft
- $223
Listing
- MLS® number
- X13663216
- Status
- For sale
- Listed
- August 11, 2026
- Days on market
- 85
- Last updated
- October 17, 2026
- Listing brokerage
- REAL BROKER ONTARIO LTD.
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 33% of comparable multi-unit / investment listings in Niagara Falls are asking less.
- This home
- $223 / sq ft
- Comparable median
- $240 / sq ft
Based on 12 comparable active multi-unit / investment listings in Niagara Falls. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $3,123.48
- Property tax (est.)
- $398.08
- Estimated monthly
- $3,522
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $8,473
- Total due on closing
- $8,473
An estimate on the asking price of $599,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of REAL BROKER ONTARIO LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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