5078-5086 FIFTH Avenue

About this home

Louise apartments. An incredible, purpose-built brick fourplex offering stable immediate returns alongside massive rental upside, ideal for multi-generational families co-buying together or owners looking to live in one unit while offsetting their mortgage! Located in an established neighborhood just one mile from the Niagara University campus, this exceptionally well-maintained building features four spacious 2-bedroom units-each complete with a full bath, full kitchen, living room, private entrance, and private porch or balcony. Fully upgraded for low-maintenance ownership, major capital improvements include a complete electrical rewire with five separate meters, four individual water heaters, an efficient gas boiler approximately eight years old, and a complete roof replacement in 2018 down to the plywood, topped with high-quality metal for lifetime durability. Safety and utility features abound with fire-rated walls, interconnected smoke detectors, a basement fire suppression system, a backflow preventer, a commercial-grade sump pump, and a convenient master key system. The basement houses commercial-grade Whirlpool coin laundry and private storage rooms for each unit, while a detached three-car garage with separate doors provides potential extra storage income. This fully optimized property features long-term, highly reliable tenants providing immediate cash flow from day one. All major structural and mechanical upgrades have already been completed, offering total peace of mind. Current rents are significantly below market value at $927.47, $874.45, $1,508.57, and $835.38 (all plus hydro). With market rents in the area commanding $1,750 to $1,850 per unit, this property offers an incredible opportunity to systematically transition to full market rates and dramatically increase your ROI.Truly a rare, low-maintenance portfolio addition where the heavy lifting is already done!

Details

Type

Fourplex

Style

2-Storey

Size

2500-3000 sq ft

Lot

40 × 143.2 ft

Basement

Unfinished, Full

Garage

Detached

Kitchens

4

Property tax

$4,771 (2025)

Neighbourhood

211 - Cherrywood

Municipality

Niagara Falls

Interior

Bedrooms

8 above ground

Bathrooms

4 × 4-piece

Rooms

16 above ground

Family room or den

No

Fireplace

No

Heating, cooling and services

Heating

Water, Gas

Water and sewer

Sewer

Building and exterior

Style

2-Storey

Exterior

Brick

Roof

Metal

Foundation

Concrete Block

Faces

East

Outdoor

Porch, Deck

Parking

Garage spaces

3

Total parking

7

Driveway and parking

Private

Lot

Size

40 × 143.2 ft (rectangular)

More

Possession

IMMEADIATE

Cross street

JEPSON

Rooms