10 Bedroom
1 Bathroom
None
Forced Air
Acreage
$940,000
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:50976)
Property Details
|
MLS® Number
|
X12501164 |
|
Property Type
|
Multi-family |
|
Community Name
|
215 - Hospital |
|
Parking Space Total
|
4 |
Building
|
Bathroom Total
|
1 |
|
Bedrooms Total
|
10 |
|
Cooling Type
|
None |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
Yes |
|
Size Depth
|
160 Ft ,9 In |
|
Size Frontage
|
60 Ft ,1 In |
|
Size Irregular
|
9645 |
|
Size Total
|
9645 Ac |
|
Size Total Text
|
9645 Ac |
|
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/29058662/5749-summer-street-niagara-falls-hospital-215-hospital
