5749 Summer Street, Niagara Falls - $940,000 | Modern Solution

5749 Summer Street

5749 Summer Street, Niagara Falls

5749 Summer Street in Niagara Falls - 10 bedroom, 1 bathroom. Listed at $940,000.

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. 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.

Property Details

  • Property Type: Mortgage
  • Heating: Gas Forced Air Open
  • Cooling: No
  • Parking: 0 space
  • Property Taxes: $4,788.28/yr
  • Neighbourhood: 215 - Hospital
  • Postal Code: L2G 1M5

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