ON > Niagara Falls > 215 - Hospital
Niagara Falls, ON L2G 1M5,5749 Summer ST
Niagara Falls, ON L2G 1M5,5749 Summer ST
Niagara Falls, ON L2G 1M5,5749 Summer ST
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$970,000
Est. payment /mo
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10 Beds
1 Bath
Active

5749 Summer ST Niagara Falls, ON L2G 1M5

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 215 - Hospital

MLS Listing ID X12252310

Bedrooms 10

Annual Tax Amount $4,513

Tax Year 2024

Property Sub-Type Investment

Property 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!

Location

Province ON

County Niagara

Community 215 - Hospital

Area Niagara

Rooms

Kitchen 5

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 60.14

Lot Depth 160.75

Listed by OUR NEIGHBOURHOOD REALTY INC.
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agent

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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5749 Summer ST

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