5078-5086 FIFTH Avenue
Niagara Falls, ON
- 8 bed
- 4 bath
- approx. 2500-3000 sqft
- Fourplex
- 1 days on market
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!
Listing Details
- Taxes (2025)
- $4,771
- Listed
- September 19, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Metal
- Foundation
- Concrete Block
- Interior
- None
- Lot Size
- 40 x 143.2 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 3
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- JEPSON
- Parcel Number
- 643390081
- Possession
- Immediate
- Occupancy
- Tenant
Schools
Elementary
- Valley Way Public School0.3 km
Public · DSB Niagara · 300 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 40% met the provincial standard
- Simcoe Street Public School0.6 km
Public · DSB Niagara · 285 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 56% met the provincial standard
- St Patrick Catholic Elementary School0.8 km
Catholic · Niagara CDSB · 185 students
Grade 3 reading: 100% met the provincial standard
Secondary
- Stamford Collegiate1.9 km
Public · DSB Niagara · 805 students
Grade 10 literacy: 80% met the provincial standard
- Saint Paul Catholic High School3.1 km
Catholic · Niagara CDSB · 790 students
Grade 10 literacy: 84% met the provincial standard
- A N Myer Secondary School3.1 km
Public · DSB Niagara · 1155 students
Grade 10 literacy: 89% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2E
- Population
- 18,587
- Private dwellings
- 9,017
- Median age
- 46.4
- Average household size
- 2.2
- Median household income
- $60,800
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Niagara Falls · last 12 months
- Median sold price
- $560,000
- Homes sold
- 1,067
- Median days on market
- 31
- Sale-to-list price
- 96.1%
Based on 1,067 recorded sales of residential freehold properties in Niagara Falls over the last 12 months.
Listed by
RE/MAX NIAGARA REALTY LTD, BROKERAGE
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Mortgage Calculator
$170,000
Estimated Monthly Payment
$4,176
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,176/mo (20% down, 5.5%)
Taxes: $398/mo · Insurance: $213/mo
Estimates only. Consult a financial advisor.
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