5749 Summer Street, Niagara Falls, ON L2G 1M5

Niagara Falls L2G 1M5 Ontario

MLS: X12252310

$970,000

Added 71 days ago | For Sale

Listed by: OUR NEIGHBOURHOOD REALTY INC.

About Property

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!

Features

  • House Style:Investment
  • Bathrooms:1
  • Land Size: 60.14 X 160.75
  • Water:Municipal
  • Garage Spaces: /Double Detached
  • Driveway:
  • Heating Fuel:
  • Cross Street:Summer St. & Temperance Ave
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $4513.17
  • Bedrooms:
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12252310

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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