Prime Investment with Severance Potential! Welcome to 5464 Lewis Avenue, in the heart of Niagara Falls. This renovated triplex offers 5 bedrooms across three fully rented units, an ideal turn-key investment. Extensively updated just three years ago with over $150,000 in renovations, including a new roof and modern finishes throughout, each unit has been thoughtfully refreshed to attract quality tenants and maximize rental income. Sitting on a massive lot, this property also presents rare future development potential. The seller is only one step away from completing the severance process, positioning this as not just an immediate income generator, but also a future growth opportunity for savvy buyers. With all units currently occupied, major upgrades complete, and severance nearly finalized, this triplex is a true gem in Niagara Falls. Whether you're expanding your rental portfolio or looking to capitalize on redevelopment, 5464 Lewis Avenue offers exceptional value and opportunity. (id:51004)
| MLS® Number | X12424757 |
| Property Type | Multi-family |
| Community Name | 214 - Clifton Hill |
| Equipment Type | Water Heater |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Basement Type | Full |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | Yes |
| Foundation Type | Concrete |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1100 - 1500 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 67.6 X 140 Acre |
| Size Total Text | 67.6 X 140 Acre |
| Zoning Description | Dtc |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.45 m | 4.79 m | 3.45 m x 4.79 m |
| Second Level | Dining Room | 1.66 m | 2.58 m | 1.66 m x 2.58 m |
| Second Level | Kitchen | 1.73 m | 2.58 m | 1.73 m x 2.58 m |
| Second Level | Living Room | 1.58 m | 3.07 m | 1.58 m x 3.07 m |
| Second Level | Bathroom | 1.51 m | 1.89 m | 1.51 m x 1.89 m |
| Basement | Bathroom | 2.52 m | 2.17 m | 2.52 m x 2.17 m |
| Basement | Bedroom | 2.97 m | 2.97 m | 2.97 m x 2.97 m |
| Basement | Kitchen | 3.16 m | 3.1 m | 3.16 m x 3.1 m |
| Basement | Bedroom | 2.99 m | 3.18 m | 2.99 m x 3.18 m |
| Basement | Recreational, Games Room | 2.54 m | 8.15 m | 2.54 m x 8.15 m |
| Basement | Utility Room | 1.92 m | 1.71 m | 1.92 m x 1.71 m |
| Lower Level | Other | 5.4 m | 16.57 m | 5.4 m x 16.57 m |
| Lower Level | Other | 2.83 m | 5.73 m | 2.83 m x 5.73 m |
| Lower Level | Other | 2.71 m | 7.42 m | 2.71 m x 7.42 m |
| Main Level | Bathroom | 2.42 m | 0.9 m | 2.42 m x 0.9 m |
| Main Level | Bathroom | 1.45 m | 2.62 m | 1.45 m x 2.62 m |
| Main Level | Bedroom | 2.36 m | 3.6 m | 2.36 m x 3.6 m |
| Main Level | Dining Room | 3.54 m | 1.68 m | 3.54 m x 1.68 m |
| Main Level | Foyer | 5.55 m | 1.91 m | 5.55 m x 1.91 m |
| Main Level | Kitchen | 3.73 m | 2.86 m | 3.73 m x 2.86 m |
| Main Level | Living Room | 3.41 m | 3.94 m | 3.41 m x 3.94 m |
| Main Level | Bedroom | 2.57 m | 4.16 m | 2.57 m x 4.16 m |
| Main Level | Other | 2.22 m | 1.56 m | 2.22 m x 1.56 m |
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