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448 Ontario Street, 
Buffalo, NY 14207

$200,000


5

Beds


2

Baths


4,663

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Nicholas Giambra

Iconic Real Estate

716-236-7644

Last updated:

May 19, 2025, 12:29 AM

MLS#

B1605990

Source:

NY GENRIS

About This Home

448 Ontario Street

PRIME CORNER INVESTMENT OPPORTUNITY: MIXED-USE PROPERTY IN NORTH BUFFALO Exceptional investment property in Riverside featuring TWO separate buildings on a single corner lot, creating multiple income streams with significant appreciation potential. This N-3E zoned mixed-use property offers 4,663 square feet of total space on a 33' x 110' lot. Front Building: Two-story structure with flexible commercial space on lower level (can be configured as one unit or divided into two) and spacious 3BR/1BA apartment upstairs featuring forced air heating (2005). Rear Building: Private two-story 2BR/1BA single-family home with attached 1-car garage and updated boiler (approx. 5 years old). Recent Updates: Brand new tear-off roof with new decking on rear building (less than 1 month old). 2019 space heater and gas water heater in front retail unit. 2017 gas water heater in upper apartment. Modern circuit breakers with MC cable wiring. Updated plumbing with combination of PVC & steel waste lines, copper, steel, and PEX supply lines. Investment Highlights: Prime corner lot location with excellent visibility. Separate utilities (4 electric meters, 3 gas meters). Three distinct units generating multiple income streams. Will be 100% vacant - opportunity to select your own tenants and set market rents. Estimated monthly rental income: $1,166 (commercial), $1,200 (upper apt), $1,100 (rear house). Potential annual income: $41,600. Projected NOI: $26,646. Strong cap rate potential in growing Buffalo neighborhood. Perfect for investors seeking immediate income or owner-occupants looking to offset mortgage with rental income and potentially operate a business. SHOWINGS BEGIN WEDNESDAY, MAY 14TH - OFFERS DUE THURSDAY, MAY 22ND @5:00PM

Home Facts

Multi-Family

2 Baths

5 Bedrooms

Built in 1920

Price Summary

200,000

$42 per Sq. Ft.

MLS #:

B1605990

Last Updated:

May 19, 2025, 12:29 AM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

4,663 Sq. Ft.


Structure

Structure

Architectural Style:

Triplex

Building Area:

4,663 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

3,630


Finances & Disclosures

Finances

Price:

$200,000

Price per Sq. Ft:

$42 per Sq. Ft.

Source:NY GENRIS
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