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5371 Huron St 2 Unit Apartment Building $358,086 USD ($179,043 USD/Unit) Niagara Falls, ON L2E 2K5



Executive Summary
Character home with two separate suites and R2 zoning-perfect for an income property or living in one unit while generating rental income from the other. The property features a tenanted 2-bedroom suite and a main level vacant 1-bedroom suite, making it an ideal opportunity for an owner-occupant looking to offset their mortgage. The vacant main floor unit features access to the backyard, basement and 1.5 car garage. Each suite offers its own private entrance and fully equipped kitchen, providing complete independence and privacy for both owner and tenant. This flexible layout is also well-suited for multi-generational living.Located in a desirable neighbourhood close to schools, shopping, dining, and public transportation, the home has been well maintained over the years. Additional highlights include a private driveway, detached 1.5-car garage, and private yard, offering comfort, convenience, and excellent long-term value. Upstairs unit leased for $1,550 all inclusive monthly. Main floor unit vacant.
Financial Summary (Actual - 2025) |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$13,455
|
$8.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$13,455
|
$8.97
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $13,455 |
| Annual Per SF | $8.97 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $13,455 |
| Annual Per SF | $8.97 |
| Net Operating Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $358,086 USD | Building Class | C |
| Price Per Unit | $179,043 USD | Building Size | 1,452 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - R2 Zoning | ||
| Price | $358,086 USD |
| Price Per Unit | $179,043 USD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 1,452 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | R2 - R2 Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Attic
- Basement
- Dining Room
- Lawn
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
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5371 Huron St
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