List Price: $970,000
5749 Summer Street, Niagara Falls, L2G 1M5
- By OUR NEIGHBOURHOOD REALTY INC.
Multiplex|MLS - #X12091339|New
10 Bed
5 Bath
1500-2000 Sqft.
Detached Garage
Client Remarks
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!
Property Description
5749 Summer Street, Niagara Falls, L2G 1M5
Property type
Multiplex
Lot size
N/A acres
Style
2-Storey
Approx. Area
N/A Sqft
Home Overview
Last check for updates
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N/A
Basement information
Walk-Up
Building size
N/A
Status
In-Active
Property sub type
Maintenance fee
$N/A
Year built
2024
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5749 Summer Street, Niagara Falls, L2G 1M5Nearby Places
Shally Shi
Sales Representative, Dolphin Realty Inc
English, Mandarin
Residential ResaleProperty ManagementPre Construction
Mortgage Information
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$0 Principal and Interest
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