$1,300,000
4961 - 4963 ARMOURY STREET
Beds
8
Baths
4
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Niagara Falls (Cherrywood). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Great rental opportunity for first time home buyers, investors, or for multi-families. This large, triplex with additional basement income is for sale. Each unit has 2 bedrooms and one bathroom with separate entrances. The building has a shared coin laundry room in the basement. Units, lower, 2nd and 3rd have been recently upgraded. Possible opportunities with rear yard for severance or Carriage House conversion, buyer to do their due diligence.This property is with walking distance to the Niagara University. (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- 211 - Cherrywood
- Lot dimensions
- 40 x 125 FT
- Bedrooms
- 6 above grade, 2 below grade
- Parking
- 6 total
- Stories
- 2.5
- On market
- Apr 23, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $4,516
- Zoning
- R2
- Photos
- 19
- MLS#
- X13036208
- Area
- NIAGARA_FALLS_(CHERRYWOOD)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Utilities
Cash on cash
-6.44%
Cap rate
3.58%
GRM
16.7
Break-even rent
$7,969
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.