23
$649,000
5166 Morrison Street, Niagara Falls, ON L2E 2E4
Cherrywood
5+2 bd
3 ba
1,500 sf
3
3 weeks on marketMLS® X14031054
Listing courtesy of CENTURY 21 GREEN REALTY INC.
1 / 23
For saleMLS® X13771472
4591 Homewood Avenue, Niagara Falls, ON L2E 4X9
Cherrywood · L2E 4X9
$579,000
$526 / sq ft1 months on market
- Bedrooms
- 6
- Bathrooms
- 3
- Interior
- 1,100 sf
- Parking
- 7
- Lot
- 40 × 130 ft
What's special
- Detached garage
- Separate entrance
- Separate hydro meter
- Water heater owned
About this property
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.
Features
- Separate Hydro Meter
- Water Heater Owned
Property details
Property
- Property type
- multiplex
- Bedrooms
- 6
- Bathrooms
- 3
- Interior size
- 1,100 sq ft
- Lot size
- 40 × 130 ft
- Possession
- Immediate
Interior
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air · Gas
- Exposure
- East
Exterior & services
- Construction
- Aluminum Siding
- Garage
- Detached
- Parking spaces
- 7
- Sewer
- Sewer
Costs
- List price
- $579,000
- Property taxes
- $3,820 / year (2025)
- Price per sq ft
- $526
Listing
- MLS® number
- X13771472
- Status
- For sale
- Listed
- September 11, 2026
- Days on market
- 55
- Last updated
- September 23, 2026
- Listing brokerage
- REVEL Realty Inc., Brokerage
Price & sale history
This property's sale history is hidden
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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 below most comparable listings — about 24% of comparable multiplex listings in Niagara Falls are asking less.
$464KMedian $675K$1.22M
- This home
- $526 / sq ft
- Comparable median
- $409 / sq ft
Based on 29 comparable active multiplex listings in Niagara Falls. These are asking prices, not sale prices.
Mortgage estimate
Down payment5.7% · minimum $32,900
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $3,019.48
- Property tax (est.)
- $318.33
- Estimated monthly
- $3,338
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
- $8,055
- Total due on closing
- $8,055
An estimate on the asking price of $579,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of REVEL Realty Inc., Brokerage. 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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Similar properties nearby
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3 ba
1,500 sf
3
1 months on marketMLS® X13757962
Listing courtesy of COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
28
$579,000
4865 ARMOURY Street, Niagara Falls, ON L2E 1S9
Cherrywood
6 bd
3 ba
2,000 sf
2
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Listing courtesy of EXP REALTY