4424 Simcoe St
Niagara Falls, L2E1T8
For Sale
$2,400,000
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Apartment
CATEGORY0.43 Acres
TOTAL AREAX9859990
MLSIDContact Us
Property Description
This 9-unit multifamily building at 4424 Simcoe Street, Niagara Falls, has undergone significant improvements, positioning it as a prime investment in a sought-after location. The building features spacious two-bedroom units, providing comfortable living spaces that appeal to a wide range of tenants. Recent updates have enhanced the building's appeal and durability, including refreshed interiors and well-maintained common areas. Located at the corner of Simcoe Street and Palmer Avenue, residents enjoy easy access to the city's attractions and essential amenities. With a strong projected net operating income (NOI) of $137,465 and competitive market rental rates, this asset offers stable returns with room for future growth. Fully serviced units and 15 surface parking stalls complete the offering, making this property and excellent addition to any investment portfolio.
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Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
R2 Residential
Total Area
0.43 Acres
Lot Size
125' x 211'
Taxes
$20,292 (2024)
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Listing contracted with Colliers
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