$ 970,000
-
$970,000
Price -
10
Bed -
5
Bath -
1,500
SqFt
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About the Listing 289706 -
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!
Listing Highlights for 5749 Summer St
Status
Active
Days on Site
145
Property Type
Multi-Family
MLS ®
X12091339
Year Built
Total Square Footage
1,500
Lot/Acreage
9645
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Walk-Up
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Detached
Financial Details
- Tax Amount: $4,513
- Taxes w/Assessments: N/A
- Tax/Property ID: 643160082
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
5749 Summer St Niagara Falls, ON L2G 1M5
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