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- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12027557
- Bus Major:
- Apts - 2 To 5 Units
- Photos (42)
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- Mortgage calculator
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Located just steps from the Niagara River, Niagara Falls U, Clifton Hill and the GO Station, this fully remodelled multi-family property is an investors dream! Boasting a strong 6.75% cap rate and over $67,000 in annual income, this turn-key opportunity is perfect for those looking for immediate cash flow and long-term appreciation. This LEGAL 4-plex features four (above grade) fully self-contained units! Each unit is updated throughout with modern finishes and the lower level is finished with common laundry area maximizing tenant appeal and rental income potential! With strong rental demand, a prime location, and no additional work needed, this property is a rare find in the multi-family market. Ample parking for all tenants, and R5 zoning for future development use. Connect today to add this impressive asset to your investment portfolio!
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 2390 sq. ft. Square Feet
- Total Area:
- 2,390 sq. ft.
- Depth:
- 100'
- Frontage:
- 50'
- Lot Details:
- 100 x 50
- Bedrooms:
- 0
- Water supply:
- Municipal
- Kitchens:
- 0
- Zoning:
- R5F
- Heating type:
- Gas Forced Air Closed
- Cooling:
- No
- New Construction:
- No
- Garage:
- None
- Parking Spaces:
- 4
- Possession Details:
- FLEX
- HST Applicable To Sale Price:
- Included In
- Type Taxes:
- Annual
- Taxes:
- $3,927 / 2024
- Assessment:
- $- / -
- Niagara Falls
- 210 - Downtown
- Niagara
- Major Highway, Public Transit
- Utilities:
- Yes
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Financial Statements:
- Yes
- Gross income:
- $67,856.16
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $2,478.94
- Hydro Expenses:
- $4,446.88
- Insurance Expenses:
- $1,211.57
- Tax Expenses:
- $3,807.71
- Water Expenses:
- $1,875.89
- Year Expenses:
- 2023
- Major Business Type:
- Apts - 2 To 5 Units
- Category:
- Apartment
- Chattels:
- Yes
- Outside Storage:
- Yes
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Listed by ROYAL LEPAGE NRC REALTY
Data was last updated March 31, 2025 at 01:15 PM (UTC)
- Peak Group Realty Ltd.
- 289-271-2020
- admin@peakgrouprealty.ca
Peak Group Realty Ltd., Brokerage
Office Address:
239 Four Mile Creek Road
Niagara-on-the-Lake, ON, L0S 1P0