ON > Niagara Falls > 215 - Hospital
Niagara Falls, ON L2G 1M5,5749 Summer ST
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Niagara Falls, ON L2G 1M5,5749 Summer ST
Niagara Falls, ON L2G 1M5,5749 Summer ST
Niagara Falls, ON L2G 1M5,5749 Summer ST
Niagara Falls, ON L2G 1M5,5749 Summer ST
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 970,000
Est. payment /mo
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5749 Summer ST Niagara Falls, ON L2G 1M5

10 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 215 - Hospital

MLS Listing ID X12091339

Style 2-Storey

Bedrooms 10

Annual Tax Amount $4,513

Tax Year 2024

Property Sub-Type Multiplex

Appx SqFt 1500-2000

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: $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!

Location

Province ON

County Niagara

Community 215 - Hospital

Area Niagara

Rooms

Family Room No

Basement Walk-Up

Kitchen 5

Interior

Interior Features Other

Cooling None

Fireplace No

Heat Source Gas

Exterior

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 60.14

Lot Depth 160.75

Total Parking Spaces 6

Building

Foundation Concrete Block

Listed by OUR NEIGHBOURHOOD REALTY INC.
agent

Jamie Black

Sales Representative

+1(416) 496-9220

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5749 Summer ST

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