For SaleFourplex · 2-StoreyMLS® #X13806508 · TRREB MLS®
5078-5086 FIFTH Ave, Niagara Falls, Ontario
Cherrywood, Niagara Falls, Ontario L2E 4S5
- Bedrooms
- 8
- Lot Size
- 40 x 143.2 ft
- Bathrooms
- 4
- Type
- Fourplex
- Basement
- Unfinished
$850,000
Estimated market value
About 5078-5086 FIFTH Ave
5078-5086 FIFTH Ave is an 8-bedroom, 4-bathroom fourplex in Cherrywood, Niagara Falls, listed for sale at an asking price of $850,000 (MLS® X13806508).
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!
Insights
Condition Score
Good1 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
Key facts
- Tax
- $4,771 / 2025
- MLS® number
- X13806508
- Board
- TRREB MLS®
- Property Type
- Fourplex
- Days on market
- Size
- 2500-3000 sqft
- Lot Size
- 40 x 143.2 ft
- Listed on
- Parking
- 3 Detached, 7 Parking
Listing history
Buy/sell history for 5078-5086 FIFTH Ave, Niagara Falls, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $850,000 | N/A | For Sale | X13806508 |
Members see the full history. Prices are hidden from signed-out visitors.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Michelle Lacroix for a full comparative market analysis.
Property details
Property
- Property Type
- Fourplex
- Style
- 2-Storey
- Community
- Cherrywood
- Municipality
- Niagara Falls
Building
- Size
- 2500-3000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 8
- Bathrooms
- 4
- Bathroom Details
- 4 × 4pc
- Basement Type
- Unfinished
- Kitchens
- 4
Parking
- Driveway
- Private
- Garage Type
- Detached
- Garage
- 3
- Additional Parking
- 4
- Total Parking
- 7
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Water
Land
- Sewer
- Sewers
- Frontage
- 40 ft
- Depth
- 143.2 ft
- Lot Size
- 40 x 143.2 ft
Additional
- Foundation
- Concrete Block
- Roof
- Metal
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Map and tour
Land transfer tax on this home
- Ontario land transfer tax
- $13,475
- Total land transfer tax
- $13,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $9,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $850,000
- $9,000
- Ontario total
- $13,475
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Post Foods Canada — Post Foods Niagara Falls, 730 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Niagara Peninsula Energy Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Last Mile Wireless Internet, NWIC, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Niagara Peninsula Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Valley Way Public SchoolDSB Niagara | Public · grades JK–8 | 250 m | 63%Grade 6 average |
| Simcoe Street Public SchoolDSB Niagara | Public · grades JK–8 | 650 m | 80%Grade 6 average |
| St Patrick Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 850 m | 97%Grade 3 average |
| ÉÉC Saint-AntoineConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.4 km | 53%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Stamford CollegiateDSB Niagara | Public · grades 9–12 | 1.9 km | 62%Grade 9 math |
| A N Myer Secondary SchoolDSB Niagara | Public · grades 9–12 · French Immersion | 3.1 km | 74%Grade 9 math |
| Saint Paul Catholic High SchoolNiagara CDSB | Catholic · grades 9–12 · French Immersion | 3.1 km | 81%Grade 9 math |
| Westlane Secondary SchoolDSB Niagara | Public · grades 9–12 | 4.5 km | 66%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Niagara Falls GO | GO Transit train: Lakeshore West | 1.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Lot
- Lot area
- 5,728 sq ft532 m²
- Street frontage
- 40 ft12.2 m
- Depth
- 143.2 ft43.6 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $170,000
- Total mortgage amount
- $680,000
- Total interest payment
- $483,400
- Total purchase cost
- $1,333,400
- Mortgage payment
- $3,878/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$4,276- Rent $0
- Shortfall $4,276
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
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