Niagara Falls (hospital), ON L2G1M5,5749 SUMMER STREET
Niagara Falls (hospital), ON L2G1M5,5749 SUMMER STREET
Niagara Falls (hospital), ON L2G1M5,5749 SUMMER STREET
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$940,000
Est. payment /mo
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10 Beds
1 Bath
9,645 Acres Lot
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5749 SUMMER STREET Niagara Falls (hospital), ON L2G1M5

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision 215 - Hospital

MLS® Listing ID X12501164

Bedrooms 10

Lot Size 9645.000 Acres

Acres 9645.0

Source Toronto Regional Real Estate Board

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! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 4

Private Pool No


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Listed by Royal LePage Our Neighbourhood Realty

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Mica Sadler

Mica Sadler

CEO | REALTOR®

+1(519) 589-3521

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5749 SUMMER STREET