$ 940,000
-
$940,000
Price -
10
Bed -
1
Bath -
0
SqFt
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About the Listing 289706 -
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. Four units have been recently renovated with approx $240,000 in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates include breaker panels, windows and doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades throughout several units. Gross annual income approximately $97,686 with a desirable cap rate exceeding 8%. Ideally located just steps from the hospital, public transit, shopping, and other amenities in a rapidly evolving area of Niagara Falls. Potential Land Assembly Opportunity: The adjacent corner parcel is also currently available for purchase (sold separately), offering purchasers the opportunity to explore a potential land assembly and larger combined site footprint. Whether maintaining the existing income-producing assets or investigating future redevelopment possibilities, buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, redevelopment potential, and municipal requirements. A rare opportunity to acquire a high-performing income property with immediate cash flow, significant recent capital improvements, and potential long-term upside in one of Niagara Falls' growing neighbourhoods.
Listing Highlights
Status
Active
Days on Site
42
Property Type
Commercial Sale
MLS ®
X13233040
Year Built
Total Square Footage
0
Lot/Acreage
9645
Interior Details
- Bedrooms: 10
- Bathrooms: 1 Full
- Appliances:
- Air Cond: No
- Heating: Gas Forced Air Open
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: 5 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Double Detached,No Garage
Financial Details
- Tax Amount: $4,788
- Taxes w/Assessments: N/A
- Tax/Property ID: 643160082
- Tax Year: 2025
Payment Calculator
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Questions About..
5749 Summer St Niagara Falls, ON L2G 1M5
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