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4394 ELLIS Street

210 - Downtown, Niagara Falls, L2E 1H4

$599,900

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  • 5 bedrooms

Listed 70 days ago · MLS® X13663216

About this home

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.

Details

Type
Investment
Lot
50 × 90 ft
Garage
None
Kitchens
0
Property tax
$4,777 (2025)
Neighbourhood
210 - Downtown
Municipality
Niagara Falls

Heating, cooling and services

Heating
Baseboard, Gas
Utilities
Yes

Building and exterior

Building area
2,693 Square Feet

More

Possession
Immediate
Cross street
On the corner of Ellis St and Ontario Ave.
Business type
Apts - 2 To 5 Units

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 10 cafés and restaurants, 3 parks, 1 pharmacy. Nearest grocery: Bombay Store (700 m). Nearest park: A J Mckinley Park (200 m).

Schools nearby

Elementary

  • Simcoe Street Public School
    EQAO: Gr 6 reading 92%, math 56%    8 min walk
  • St. Patrick Catholic Elementary School Catholic
    EQAO: Gr 3 reading 100%, math 100%    12 min walk
  • Valley Way Public School
    EQAO: Gr 6 reading 80%, math 40%    1.4 km
  • St. Mary Catholic Elementary School Catholic
    EQAO: Gr 6 reading 100%, math 100%    2.0 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L2E

Owners / renters
61% / 39%
Median household income
$60,800
Average age
45
Children under 15
13%
Homes
57% detached, 7% high-rise
Commute by transit
2%
Population
18,587

Languages spoken most at home besides English: Italian 1.2%, Spanish 0.8%, Malayalam 0.7%, Punjabi (Panjabi) 0.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Niagara Region (St. Catharines) police: 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 65 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REAL BROKER ONTARIO LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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