$970,000
7.02 BTC
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5749 Summer Street, Niagara Falls
$970,000
PRICE
10
BEDROOMS
5
BATHROOMS
X12091339
MLSID

5749 Summer Street, Niagara Falls

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 7.72%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location!
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Summary

Address
5749 Summer Street
MLSID
X12091339
Property Type
Multiplex
Property Category
Bedrooms
10
Bathrooms
5
Kitchens
5
Zoning
R2
Taxes (Annual)
$4,513.17
Tax Year
2024
Published
April 18, 2025
Days on Market
65 Days
Possession Type
Other
Possession Details
Felxible
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Details

Parking Spaces
4
Parking Total
6
Architectural Style
2-Storey
Lot Size
9,645
Lot Width
60 Feet
Lot Depth
161 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Other
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with OUR NEIGHBOURHOOD REALTY INC.
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