5749 Summer Street Niagara Falls, Ontario L2G 1M5
$970,000
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 7.84%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location! (id:61015)
Property Details
| MLS® Number | X12091339 |
| Property Type | Multi-family |
| Community Name | 215 - Hospital |
| Parking Space Total | 6 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Basement Features | Walk-up |
| Basement Type | N/a |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 160 Ft ,9 In |
| Size Frontage | 60 Ft ,1 In |
| Size Irregular | 60.1 X 160.8 Ft |
| Size Total Text | 60.1 X 160.8 Ft |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/28187489/5749-summer-street-niagara-falls-hospital-215-hospital
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April 22 2025 09:48:21
Toronto Regional Real Estate Board
Our Neighbourhood Realty Inc.