448 Ontario Street
Buffalo, NY 14207
- 5 beds
- 2 baths
- 4,663 sqft
- 3,630 sqft lot
- $42 per sqft
- 1920 build
- – on site
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
Last checked:
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Checking…
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Last updated May 14, 2025
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MLS# B1605990 —
Upcoming Open Houses
-
Saturday, 5/17
1pm-3pm -
Sunday, 5/18
1pm-3pm
The Building
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Year Built:1920
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Year Built Details:Existing
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Construction Materials:VinylSiding,CopperPlumbing,PexPlumbing
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Architectural Style:Triplex
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Roof:Asphalt
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Basement:Full,None,SumpPump
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Basement:false
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Foundation Details:Other,SeeRemarks,Stone
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Exterior Features:Balcony,Fence
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Patio And Porch Features:Balcony
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Levels:Two
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Building Area Total:4663.0
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Building Area Source:PublicRecords
Interior
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Interior Features:NaturalWoodwork
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Flooring:Carpet,CeramicTile,Hardwood,Laminate,Tile,Varies,Vinyl
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Fireplace:false
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Laundry Features:WasherHookup
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Stories:2
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Stories Total:2
Room Dimensions
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Living Area:4,663 Sqft
Financial & Terms
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Rent Includes:TrashCollection,Water
The Property
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Property Type:Residential
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Property Subtype:MixedUse
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Property Condition:Resale
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Parcel Number:140200-077-410-0002-052-000
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Lot Features:NearPublicTransit,Rectangular,RectangularLot,ResidentialLot
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Lot Size Dimensions:33X110
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Lot Size Acres:0.0833
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Lot Size SqFt:3630.0
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Lot Size Area:0.0833
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Lot Size Units:Acres
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Waterfront:false
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Fencing:Partial
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Road Frontage Type:CityStreet
Listing Agent
- Contact info:
- Agent phone:
- (716) 239-6432
- Office phone:
- (716) 236-7644
Taxes
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Tax Lot:52
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Tax Annual Amount:3333.0
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Tax Assessed Value:125000
Beds
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Bedrooms Total:5
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Branded:https://giambrateam.com/listings/428783753001
Heating & Cooling
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Heating:Gas,Baseboard,ForcedAir,SpaceHeater
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Heating:true
Utilities
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Utilities:ElectricityAvailable,ElectricityConnected,HighSpeedInternetAvailable,SewerConnected,WaterConnected
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Electric:CircuitBreakers
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater
Schools
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Elementary School District:Buffalo
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Middle Or Junior School District:Buffalo
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High School District:Buffalo
The Community
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Senior Community:false
Parking
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Garage:true
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Garage Spaces:1.0
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Parking Features:Concrete
Monthly cost estimate
Asking price
$200,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,070
|
| Taxes | $277 |
| Insurance | $55 |
| Utilities | $277 See report |
| Total | $1,679/mo.* |
| *This is an estimate |
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/14/25
May 14, 2025
|
Listed / Active | NYSAMLS | $200,000 |
61% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $20k above asking price on average, but some went as high as $49k over asking price.
