6447 Culp Street, Niagara Falls

6447 Culp Street, Niagara Falls, ON L2G2C2 Photo 1

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  • MLS®: 40565235
  • Type: Residential
  • Added: 31 days ago
  • Type: Residential
  • Listed by: Point2

Property Details

Introducing a prime investment opportunity in the heart of an ever-evolving community, this multi-family property presents a unique blend of modern luxury and traditional charm that is sure to captivate investors looking to expand their portfolios. The property features a completely new back unit, meticulously designed with three expansive floors that include 4 kitchens, 9 bathrooms—of which 3 are primary bathrooms with ensuites—enhancing the living experience for residents and ensuring privacy and comfort. The original house has been significantly upgraded to include a fully finished basement, adding valuable living space and appeal to the property. Leases are already in place for 70% of the house, with most tenants set to move in by May 1st. The remainder of the house is on track to be fully leased and occupied by June 1st, indicating a strong demand and a swift return on investment. Strategically positioned for growth, plans are already underway to convert this property into a 4-unit building, with the foresight to expand to a 5-unit building as soon as local regulations permit. This foresight into the potential for expansion not only showcases the property’s versatility but also its future growth potential, making it an enticing option for investors looking to capitalize on the dynamic Niagara Falls real estate market. This investment opportunity is not just a property; it's a turnkey solution for generating substantial rental income and capital appreciation. With most of the groundwork already laid and a vision for future expansion, investors are presented with a rare chance to invest in a property that combines immediate cash flow with long-term growth prospects. Don’t miss out on the chance to be a part of this exceptional investment journey. 

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Nearby Places

Name Type Address Distance
Battle of Lundy's Lane It was one of the bloodiest battles of the war, an... 0.7 km
Niagara Falls Museum It was founded by Thomas Barnett of Birmingham, En... 1.0 km
Bradley Octagon House It was built in 1906 by James Bradley, a carpenter... 1.1 km
Niagara College The College has four campuses: the Welland Campus ... 1.2 km
Niagara College Canada, Maid of the Mist Campus School 5881 Dunn St 1.2 km
Hilton Hotel and Suites Niagara Falls/Fallsview Lodging 6361 Fallsview Blvd 1.6 km
Hilton Niagara Falls Tower 2 It was originally slated to rise 58 floors to a he... 1.6 km
IHOP Niagara Falls Restaurant 6455 Fallsview Blvd 1.6 km
Four Points by Sheraton Niagara Falls Fallsview Lodging 6455 Fallsview Blvd 1.6 km
Four Points by Sheraton Niagara Falls The hotel was originally constructed as the Renais... 1.6 km
Fallsview Tourist Area In recent years, it has become the home many of th... 1.7 km
Fallsview Casino Resort Lodging 6380 Fallsview Blvd 1.7 km
Similar Houses Stat in Niagara Falls
We have found 6 Houses that closely match the specifications of the property located at 6447 Culp Street with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 999,000 and 1,995,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the L2G2C2 postal code area of Niagara Falls Ontario Canada.
6447 Culp Street mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 6447 Culp Street. The current price of the property is $1,590,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,272,000. This would result in a monthly mortgage payment of $7,435 over a 25-year amortization period.
Comparison of 6447 Culp Street, Niagara Falls, ON with Nearby Houses
Nearby Cities Listings Avg. price
Thorold Homes for Sale 208 $1.052.777
Niagara On The Lake Homes for Sale 246 $1.670.251
St Catharines Homes for Sale 560 $872.655
Fonthill Homes for Sale 54 $1.240.266
Welland Homes for Sale 297 $1.021.964
Hamilton Homes for Sale 2175 $1.259.777
Ridgeway Homes for Sale 63 $904.531
Crystal Beach Homes for Sale 67 $636.826
Popular Cities Listings Avg. price
Fort Erie Homes for Sale 359 $901.671
Brantford Homes for Sale 511 $948.733
Oakville Homes for Sale 846 $1.965.630
Burlington Homes for Sale 770 $1.567.466
Toronto Homes for Sale 7420 $1.171.951
Milton Homes for Sale 389 $1.780.540
Mississauga Homes for Sale 1373 $1.340.712
Cambridge Homes for Sale 412 $1.018.897
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