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 7.84%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location! (id:52316)
OUR NEIGHBOURHOOD REALTY INC.
$970,000
5749 SUMMER STREET, Niagara Falls, Ontario
10 Bedrooms
5 Bathrooms
Property
MLS® Number: X12091339
Address: 5749 SUMMER STREET
City: Niagara Falls
Exterior: Brick, Vinyl siding
Utilities
Heating: Other/Unknown
Parking
Parking Spaces: 6
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Property Sale History
Travel and Neighbourhood
84/100Walk Score®
Very Walkable
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Location
