5749 Summer Street, Niagara Falls, ON, L2G 1M5

Property Details: - Type: Investment - Bedrooms: 0 - Bathrooms: 1 - MLS#: X13233040 Listed By: ROYAL LEPAGE OUR NEIGHBOURHOOD REALTY

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. Four units have been recently renovated with approx $240,000 in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates include breaker panels, windows and doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades throughout several units. Gross annual income approximately $97,686 with a desirable cap rate exceeding 8%. Ideally located just steps from the hospital, public transit, shopping, and other amenities in a rapidly evolving area of Niagara Falls. Potential Land Assembly Opportunity: The adjacent corner parcel is also currently available for purchase (sold separately), offering purchasers the opportunity to explore a potential land assembly and larger combined site footprint. Whether maintaining the existing income-producing assets or investigating future redevelopment possibilities, buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, redevelopment potential, and municipal requirements. A rare opportunity to acquire a high-performing income property with immediate cash flow, significant recent capital improvements, and potential long-term upside in one of Niagara Falls' growing neighbourhoods. This investment home located at 5749 Summer Street, Niagara Falls is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $940,000 with an estimated mortgage of $3,460* per month. It has beds and 1 bathroom. 5749 Summer Street, Niagara Falls is in the 215 - Hospital neighborhood Niagara Falls.