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 7.72%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location! (id:53661)
Property Details
| MLS® Number | X12252310 |
| Property Type | Multi-family |
| Community Name | 215 - Hospital |
| Parking Space Total | 4 |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 10 |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| 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/28536206/5749-summer-street-niagara-falls-hospital-215-hospital
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June 29 2025 03:51:09
Toronto Regional Real Estate Board
Our Neighbourhood Realty Inc.
