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5749 Summer Street, Niagara Falls (Hospital), ON L2G1M5
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$970,000
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Home Details for 5749 Summer Street
Price
$970,000
Type
Multi Family
Bedrooms
10
Total Bathrooms
5
Parking
Detached
Listing #
X12091339
On exitrealty.com
143 days
Property Description
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! (id:31684)
- Heating Information
- Natural Gas
- Other
- Parking
- Detached
Listing Courtesy: Royal LePage Our Neighbourhood Realty
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$970,000
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EXIT REALTY HARE (PEEL), BROKERAGE
134 Queen Street E. Suite 100, Brampton, ON L6V 1B2