5749 Summer Street
Niagara Falls, L2G 1M5
FOR SALE
$940,000

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Investment
CATEGORY60.14 x 160.75
LOT SIZEX12501164
MLSIDContact Us
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!
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Property Details
Address
5749 Summer Street
Community
City
Postal Code
L2G 1M5
Property Type
Investment, Investment
Use
Apartment
Zoning
R2
Lot Size
60' x 161'
Acreage
9,645.0 Feet
Taxes
$4,513 (2024
Heat Type
Gas Forced Air Open
Water
Municipal
Parking Spaces
4
Garage Type
Double Detached
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Listing contracted with Royal Lepage Our Neighbourhood Realty
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