




4020 Main Street, Niagara Falls, ON
L2G 6B8
Listed November 10, 2026
About this property
Welcome to this versatile commercial/residential property offering endless possibilities for investors, entrepreneurs or multi-generational families! Currently configured as two residential units, this property presents exciting potential for conversion into a three-unit income property. The main floor features a 1-bedroom residential unit plus an additional space, formerly used as a storefront, offering the opportunity to create a second main-floor residential unit (subject to approvals). The upper level boasts a spacious, well-maintained 3-bedroom apartment with plenty of natural light and comfortable living space.Adding even more value is the impressive 30' x 25' heated garage/workshop at the rear, featuring a radiant gas tube heater, 60 AMP electrical service, 12-foot ceilings and two overhead doors (9' x 9' and 9' wide). An additional 14.6' x 25' storage room provides excellent space for equipment, inventory or extra storage.Situated on a generous lot along a main artery in the heart of Chippawa, this property enjoys a fantastic location just steps from the Welland River (affectionately known as "The Crick"), a nearby boat launch and the charming downtown square. Whether you're looking to live in one unit while generating rental income, expand your investment portfolio, operate a business, or explore the potential for a triplex conversion, this property offers exceptional flexibility and opportunity. A rare chance to own a property with so many possibilities in this sought-after Chippawa location!
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 4020 Main Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$133,800 · Minimum $41,900
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2026 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$4,314/mo
About $51,768 a year
- $2,959
- $342
- Home insurance$125
- Utilities$330
- Maintenance & repairs$558
Cash needed to close
- Down payment (20%)
- $133,800
- Ontario land transfer tax
- $9,855
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $146,155
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
4020 Main Street, Niagara Falls, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: November 10, 2026
Listing Office: REALTY EXECUTIVES PLUS LTD, BROKERAGE
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