4648/4658 Portage Road W Niagara Falls, Ontario L2E 6A8

$1,260,000

Excellent investment opportunity in a well-located multi-residential property along Portage Rd in Niagara Falls. This income-producing asset features six residential units with stable tenancies and strong rental demand in a convenient and accessible area.The property generates an annual gross income of approximately $86,000, offering solid cash flow with further upside potential.Ideally located near major routes including the QEW and Highway 420, the property provides easy access to amenities, public transit, schools, and shopping. The surrounding area continues to experience steady rental demand, making this an excellent addition to any investment portfolio.With in-place income and potential for future rent growth, this property offers both stability and long-term appreciation in the growing Niagara Falls market. (id:61215)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12941620
Property Type	Multi-family
Community Name	211 - Cherrywood
Equipment Type	Water Heater
Parking Space Total	8
Rental Equipment Type	Water Heater

Building

Age	51 To 99 Years
Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Forced Air
Size Exterior	3878 Sqft
Size Interior	3,878 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	165 Ft ,10 In
Size Frontage	162 Ft ,8 In
Size Irregular	Bldg=162.69 X 165.87 Ft
Size Total Text	Bldg=162.69 X 165.87 Ft
Zoning Description	R5a

https://www.realtor.ca/real-estate/29540213/46484658-portage-road-w-niagara-falls-cherrywood-211-cherrywood