$970,000
Available - For Sale
Listing ID: X12252310
5749 Summer Stre , Niagara Falls, L2G 1M5, Niagara
| 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 approx: $97,086! with very desirable CAP rate of approx 7.72%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location! |
| Price | $970,000 |
| Taxes: | $4513.17 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 5749 Summer Stre , Niagara Falls, L2G 1M5, Niagara |
| Postal Code: | L2G 1M5 |
| Province/State: | Niagara |
| Legal Description: | LT 5 BLK 3 PL 299 NIAGARA FALLS; PT LT 6 |
| Directions/Cross Streets: | Summer St. & Temperance Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 0.22 |
| Total Area Code: | Acres |
| Washrooms: | 1 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| OUR NEIGHBOURHOOD REALTY INC. |
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|
Hossein Vanishoja
Broker, ABR, SRS, P.Eng
Dir:
416-300-8000
Bus:
888-884-0105
Fax:
888-884-0106
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 215 - Hospital |
| Tax: | $4,513.17 |
| Baths: | 1 |
| Fireplace: | N |
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