5749 Summer Street Niagara Falls, Ontario L2G 1M5

$940

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:61215)

Property Details

MLS® Number	X12501164
Property Type	Multi-family
Community Name	215 - Hospital
Parking Space Total	4

Building

Bathroom Total	1
Bedrooms Total	10
Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Forced Air
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	Yes
Size Depth	160 Ft ,9 In
Size Frontage	60 Ft ,1 In
Size Irregular	9645
Size Total	9645 Ac
Size Total Text	9645 Ac
Zoning Description	R2

https://www.realtor.ca/real-estate/29058662/5749-summer-street-niagara-falls-hospital-215-hospital