5749 Summer Street, Niagara Falls, Ontario L2G 1M5

Listed for:
$940,000
10 beds
1 baths
Listed 95 days ago
Multi-Family for rent: 5749 Summer Street, Niagara Falls, Ontario L2G 1M5

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About

Summer St. & Temperance Ave Legal Non-Conforming 4-Plex + In-Law Suite | Prime Investment Opportunity. Fantastic income property 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: $96,500! with very desirable CAP rate of over 8% ! Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location! (id:27476)

Property Highlights

MLS® Number
X12501164
Type
Multi-family
Community Name
215 - Hospital
Land Size
9645 ac
Parking Space Total
4

Building

Building Type
Multi-Family
Bathrooms Total
1
Bedrooms Total
10
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
Royal LePage Our Neighbourhood Realty
MLS® number:
X12501164
Agent:
Tara Hussein
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