Summer 5749 Street

5749 SUMMER STREET, Niagara Falls (215 - Hospital), Canada

$970000

#ABOUT_TEXT# 5749 SUMMER STREET Niagara Falls (215 - Hospital), Ontario

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!

MLS Listing ID
X12091339
Bedrooms
10
Bathrooms
5
Year built
0
Heating
Other
Sizeinterior
1500 - 2000 sqft
Basement
N/A
  • Kapil Chauhan
  • Tel: 9874563210
  • kapil@test.com
  • 111