5078-5086 FIFTH Avenue, Niagara Falls, ON L2E 4S5
211 - Cherrywood, Niagara Falls · Near JEPSON · View map
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!
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 8
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 16
- Basement
- Unfinished, Full
- Lot size
- 40 x 143.2 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Water
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 3
- Driveway spaces
- 4
- Total parking
- 7
- Parking features
- Private
Taxes & other
- Property taxes
- $4,771/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- IMMEADIATE
- Cross street
- JEPSON
- Neighbourhood
- 211 - Cherrywood
More
- Price per sq ft
- ~$309 (at 2,750 sq ft)
- MLS® number
- X13806508
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The home and its surroundings
- Porch
- Deck
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
5078-5086 FIFTH Avenue, Niagara Falls, ON L2E 4S5
211 - Cherrywood, Niagara Falls · Near JEPSON
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Listing history for 5078-5086 FIFTH Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 5078-5086 FIFTH Avenue
Answers come straight from this home’s MLS® listing.
How much is 5078-5086 FIFTH Avenue listed for, and what would it cost each month?
5078-5086 FIFTH Avenue is listed for $850,000. With 20% down ($170,000), the mortgage payment would be roughly $3,429 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,826 a month, all in. That figure is an illustration, not a quote.
Is 5078-5086 FIFTH Avenue freehold or a condo, and is there a monthly fee?
5078-5086 FIFTH Avenue is a fourplex in 211 - Cherrywood, Niagara Falls. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 5078-5086 FIFTH Avenue have?
5078-5086 FIFTH Avenue has 8 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 5078-5086 FIFTH Avenue have a garage and parking?
Yes. The listing shows the garage as detached, with room for 3 cars. The driveway adds 4 spaces. In total the listing counts 7 parking spaces.
Does 5078-5086 FIFTH Avenue have a finished basement?
The listing describes the basement as unfinished, full.
What style of home is 5078-5086 FIFTH Avenue?
5078-5086 FIFTH Avenue is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 5078-5086 FIFTH Avenue, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 40 x 143.2 ft.
How is 5078-5086 FIFTH Avenue heated and cooled?
Heating is water (gas). The listing does not show air conditioning.
What are the property taxes for 5078-5086 FIFTH Avenue?
Property taxes are $4,771 a year (2025), or about $398 a month.
Where is 5078-5086 FIFTH Avenue?
5078-5086 FIFTH Avenue is in the 211 - Cherrywood community of Niagara Falls. The nearest main intersection is JEPSON. The postal code is L2E 4S5.
Is 5078-5086 FIFTH Avenue still for sale?
Yes. It is an active listing (MLS® X13806508). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 5078-5086 FIFTH Avenue asking?
Similar properties for sale nearby right now include 4999 Mcrae Street at $749,000 (6 bed), 4961 Armoury Street at $1,050,000 (6+2 bed) and 5166 Morrison Street at $649,000 (5+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 5078-5086 FIFTH Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 5078-5086 FIFTH Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 211 - Cherrywood, picked by style, size and price.
Fourplex$749,0004999 Mcrae Street, Niagara Falls6 bed · 4 bath · 211 - CherrywoodCourtesy of: CENTURY 21 PEOPLE`S CHOICE REALTY INC.View home →
Triplex$1,050,0004961 Armoury Street, Niagara Falls6+2 bed · 4 bath · 211 - CherrywoodCourtesy of: KELLER WILLIAMS EDGE REALTYView home →
Duplex$649,0005166 Morrison Street, Niagara Falls5+2 bed · 3 bath · 211 - CherrywoodCourtesy of: CENTURY 21 GREEN REALTY INC.View home →Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.