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$970,000
Available - For Sale
Listing ID: X12091339
Legal Non-Conforming 4-Plex + In-Law Suite. Prime Investment Opportunity! Impressive rental income featuring 5 x 2-bedroom units, including a lower-level 2-bedroom in-law suite with separate entrance. Set on a large 60.14 x 160.75 ft lot, this turnkey building includes a detached double garage, concrete driveway, and parking for all units. 4 units recently renovated with over $240K in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates: breaker panels, windows/doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades across several units. Gross annual income: $98,286! with very desirable CAP rate of approx 7.95%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location!
Price $970,000
Taxes: $4,513.17
Assessment Year: 2024
Occupancy by: Tenant
Address: 5749 Summer Stre , Niagara Falls, L2G 1M5, Niagara
Directions/Cross Streets: Summer St. & Temperance Ave
Rooms: 26
Bedrooms: 10
Bedrooms +: 0
Washrooms: 5
Family Room: F
Basement: Walk-Up
No. of Pieces Level
Washroom 1 3
Washroom 2 3
Washroom 3 3
Washroom 4 3
Washroom 5 3
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Vinyl Siding
Garage Type: Detached
Drive Parking Spaces: 4
Pool: None
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Other
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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OUR NEIGHBOURHOOD REALTY INC.

5749 Summer Stre , Niagara Falls, L2G 1M5, Niagara

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 215 - Hospital
Style: 2-Storey
Lot Size: x 160.75(Feet)
Approximate Age:
Tax: $4,513.17
Maintenance Fee: $0
Beds: 10
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic sales@bestforagents.com pic Cell: 416-548-7854 | Office: 416-548-7854
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