5749 Summer Street

Niagara Falls, 215 - Hospital

Descripción

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!

This multiplex home located at 5749 Summer Street, Niagara Falls, ON L2G 1M5 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$970K. It has 10 beds, 5 bathrooms, and is 1500-2000 square feet. The property is N/A years old. 5749 Summer Street, Niagara Falls, ON L2G 1M5 is in Niagara Falls neighborhood 215 - Hospital.