5749 Summer Street Niagara Falls, ON L2G 1M5
Listing Courtesy of: TORONTO IDX / Our Neighbourhood Realty Inc.

  5749 Summer Street Niagara Falls, ON L2G 1M5

Active
$970,000
10
BED
5
BATH
1500-2000
SQFT
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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 approx: $97,086! with very desirable CAP rate of approx 7.84%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location!

MLS®:
X12091339
Taxes
$4,513(2024)
Type
Multifamily
Style
2-Storey
County
Regional Municipality of Niagara
Community
215 - Hospital

Listed By

Our Neighbourhood Realty Inc.
Source
TORONTO IDX
Last checked Apr 26 2025 at 6:41 PM EDT
Bathroom Details
Interior Features
  • Other
Property Features
  • Foundation: Concrete Block
Heating and Cooling
  • Other
  • None
Basement Information
  • Walk-Up
Pool Information
  • None
Exterior Features
  • Brick
  • Vinyl Siding
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • Detached
Stories
  • 2
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