Frank Gallo
Sales Representative
Homelife Classic Realty Inc., Brokerage, Brokerage
Independently owned and operated.
1600 Steeles Ave. W, Unit 36, Vaughan, Ontario L4K4M2
Cell: 416-433-5981Office: 647-479-8477Fax: 647-479-8457
$970,000
Available - For Sale
Listing ID: X12091339
5749 Summer Stre , Niagara Falls, L2G 1M5, Niagara
| 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! |
| Price | $970,000 |
| Taxes: | $4513.17 |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 5749 Summer Stre , Niagara Falls, L2G 1M5, Niagara |
| Directions/Cross Streets: | Summer St. & Temperance Ave |
| Rooms: | 26 |
| Bedrooms: | 10 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Walk-Up |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 3 | |
| Washroom Type 3 | 3 | |
| Washroom Type 4 | 3 | |
| Washroom Type 5 | 3 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | Detached |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Approximatly Square Footage: | 1500-2000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Other |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| OUR NEIGHBOURHOOD REALTY INC. |
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Frank Gallo
Sales Representative
Dir:
416-433-5981
Bus:
647-479-8477
Fax:
647-479-8457
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 215 - Hospital |
| Style: | 2-Storey |
| Tax: | $4,513.17 |
| Beds: | 10 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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