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$ 970,000
Est. payment /mo
Active
5749 Summer ST Niagara Falls, ON L2G 1M5
10 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 215 - Hospital
MLS Listing ID X12091339
Style 2-Storey
Bedrooms 10
Annual Tax Amount $4,513
Tax Year 2024
Property Sub-Type Multiplex
Property Description
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!
Location
State ON
County Niagara
Community 215 - Hospital
Area Niagara
Rooms
Family Room No
Basement Walk-Up
Kitchen 5
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.14
Lot Depth 160.75
Total Parking Spaces 6
Building
Foundation Concrete Block
Listed by OUR NEIGHBOURHOOD REALTY INC.