5749 Summer Street, Niagara Falls, Ontario L2G 1M5

Listed for:
$940,000
10 beds
1 baths
Listed 3 days ago
Multi-Family for rent: 5749 Summer Street, Niagara Falls, Ontario L2G 1M5

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