5749 Summer Street, Niagara Falls, ON Image 1

$970,000

Multiplex For Sale
MLS - #X12091339
Apr 27- By OUR NEIGHBOURHOOD REALTY INC.

5749 Summer Street, Niagara Falls, ON L2G 1M5

10 Bed
5 Bath
1500-2000 Sqft.
Detached Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

2-Storey

Approx. Area

1500-2000 Sqft

About 5749 Summer Street

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!

Home Overview

Last updated

Apr 27

Virtual tour

None

Basement information

Walk-Up

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:Walk-Up
Cooling:None
Heating:Other
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
97000000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 5749 Summer Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$3704.74/ month

Some information about this property - Summer Street

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