5749 SUMMER STREET, Niagara Falls (Hospital), Ontario, L2G1M5

Property Description

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:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: 10
• Bathrooms: 1
• Attached: Yes
• Parking: 4 spaces
• Lot Size: 9645.0000 acres (3903.2 ha)
• Frontage: 60 ft (18.3 m)

Costs

• Annual Taxes: $4,513.17

Listing Provided by: Royal LePage Our Neighbourhood Realty
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.