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5749 Summer Street

Niagara Falls (Hospital), Ontario, L2G1M5

$970,000

MLS®#: X12091339
10
Beds
5
Baths
1500 - 2000
Sq. Ft.
Description:

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! (id:10317)

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Property Details
Status: For sale
Address: 5749 SUMMER STREET, Niagara Falls (Hospital), L2G1M5
MLS: X12091339
Lot Size: 60.1 x 160.8 FT
Heating: Natural gas, Other
Water: Municipal water
Floor Space: 1500 - 2000
Lot Size: 60.1 x 160.8 FT
Exterior: Brick, Vinyl siding
Basement: Walk-up, N/A
Agency: Courtesy of Royal LePage Our Neighbourhood Realty
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