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Royal LePage
Royal LePage
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$940,000

Niagara Falls ON, L2G 1M5

MLS® # X12501164

Property Information:

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:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 10
  • Bathrooms: 1
  • Lot Depth: 160.8 Feet
  • Lot Frontage: 60.1 Feet
  • Zoning: R2
  • No. of Parking Spaces: 4

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 5749 SUMMER STREET, Niagara Falls, Ontario, L2G 1M5

Demographic Information of 5749 SUMMER STREET, Niagara Falls, Ontario, L2G 1M5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$70,471.93

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.69 %

High school certificate or equivalent

39.63 %

Apprenticeship trade certificate/diploma

6.68 %

College/non-university certificate

16.57 %

University certificate (below bachelor)

0.44 %

University Degree

11.99 %

Commuter

Travel To Work

By Car

78.23 %

By Public Transit

4.49 %

By Walking

12.76 %

By Bicycle

0.0 %

By Other Methods

4.52 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.02 %

Houses

55.98 %

Own Vs. Rent

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