10 Bedroom
5 Bathroom
1,500 - 2,000 ft2
Other
$970,000
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: $98,286! with very desirable CAP rate of approx 7.95%. 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
|
X12091339 |
|
Property Type
|
Multi-family |
|
Community Name
|
215 - Hospital |
|
Parking Space Total
|
6 |
Building
|
Bathroom Total
|
5 |
|
Bedrooms Above Ground
|
10 |
|
Bedrooms Total
|
10 |
|
Basement Features
|
Walk-up |
|
Basement Type
|
N/a |
|
Exterior Finish
|
Brick, Vinyl Siding |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
160 Ft ,9 In |
|
Size Frontage
|
60 Ft ,1 In |
|
Size Irregular
|
60.1 X 160.8 Ft |
|
Size Total Text
|
60.1 X 160.8 Ft |
|
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/28187489/5749-summer-street-niagara-falls-215-hospital-215-hospital
